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CDB approves USD76 million to boost development results in St. Kitts and Nevis

view of a bay in St. Kitts and Nevis

The Caribbean Development Bank (CDB) has announced a programme of assistance of USD76.2 million for St. Kitts and Nevis over the period 2017 to 2021. Today, the Bank’s Board of Directors approved the new strategy, which will support economic and social development, environmental protection and infrastructure enhancement.

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Caribbean leaders launch ambitious plan to create the world’s first “climate-smart zone”

The Caribbean Climate-Smart Coalition seeks rapid implementation of US $8 billion climate investment plan that will transform regional energy system, build resiliency, drive economic growth and set a global example PARIS, December 12, 2017 – Recent hurricanes have left unprecedented devastation across the Caribbean and it is a traumatic time for all those who live in the region. Whole communities and towns have been decimated, and the global community needs to act quickly and give generously to relieve suffering and help to rebuild.

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CDB’s urban sector policy to assist with coordinated approach to planning

Urban Policy Workshop

In the Caribbean, approximately 66 percent of the population reside in urban areas, ranging from 30 percent in Antigua and Barbuda to 84 percent in the Bahamas. The urban sector is a key contributor to economic growth, as cities and towns are hubs for jobs, educational and health facilities and transportation. Recognising the need for a coordinated approach to urban planning, the Caribbean Development Bank (CDB), is developing an Urban Sector Strategy Policy and Operational Guidelines to guide future investment in this sector. As part of the policy development process, CDB hosted a workshop for representatives from Regional government departments and agencies with a stake in urban development. Speaking at the opening of the workshop, Director of Projects at CDB, Daniel Best, noted that the new Urban Sector Policy is geared towards helping Caribbean countries achieve Sustainable Development Goal (SDG) 11. “All of the world’s countries, including all of our Borrowing Member Countries, have formally committed to achieve the SDGs by 2030. For urban areas, this goal is […]

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School upgrade leads to improved student performance in Jamaica

It’s a makeover that is transforming lives and stimulating pride in 1,200 Jamaican students. At the Christiana Moravian Primary and Infant School, there were once as many as 46 students to one teacher in some classes. Now 10 new classrooms, the renovation of two existing school buildings and student bathrooms, and new programmes and materials have not only alleviated problems of overcrowding but are also enhancing the lives of students. “It’s a true reflection of their commitment to the holistic development of a school that was in dire need of intervention,” said Principal, Kamille Lee Madden of the upgrades made possible through a collaboration between the Basic Needs Trust Fund (BNTF) of the Caribbean Development Bank (CDB) and the Jamaica Social Investment Fund (JSIF). The Principal credits both funds with leaving an indelible mark on the school community through socially progressive programs such as the Special Education Needs Coordinators Training Project; the Water, Sanitation and Hygiene Programme (WASH) and the Literacy and Numeracy Project (LNP). Through LNP, the […]

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CDB, CARICOM seeking opportunities for greater collaboration

The Caribbean Development Bank (CDB) and the CARICOM Secretariat are seeking to deepen collaboration and better understand operations undertaken by each other in their respective member countries.

Ambassador Manorma Soeknandan, Deputy Secretary-General, CARICOM Secretariat on Wednesday met with Staff of the Operations and Corporate Services areas of the Bank during an official visit. Representatives from each institution discussed ongoing areas of cooperation, namely the CARICOM Single Market and Economy and CARICOM-EU Economic Partnership Agreement Standby Facilities.

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The European Union partners with the Caribbean Development Bank to support renewable energy in the Eastern Caribbean through geothermal energy

renewable energy in the Caribbean

Today, in New York, the Commissioner in charge of International Cooperation and Development, Neven Mimica and the President of the Caribbean Development Bank, Dr. Wm. Warren Smith, announced the formalisation of an EU grant contribution to the Geothermal Risk Mitigation Programme for the Eastern Caribbean. The Programme  will facilitate the development of up to 60MW of geothermal energy capacity in up to five countries – Dominica, Grenada, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines.

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CDB, Guyana boosting TVET to improve workforce

Developing a more skilled workforce to foster Regional growth and development is the focus of a new partnership between the Caribbean Development Bank (CDB) and the Government of Guyana.
The Guyana Skills Development and Employability Project (SDEP), launched recently under the theme “From Skills to Prosperity – Skills Development and Technical Education for the 21st Century”, seeks to make good on the Region’s priorities of delivering sustainable jobs, inclusive growth and socioeconomic equity.

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Grenada, CDB tackling poverty through climate-smart agriculture

The Government of Grenada has set its focus on increasing food security and reducing poverty through climate-smart agriculture (CSA), and they are doing it with support from the Caribbean Development Bank (CDB). The Bank and Grenada’s Ministry of Education have handed over a newly refurbished building at TA Marryshow Community College (TAMCC) to the institution’s Principal, Chairman and Dean.

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