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Caribbean Focused on Planning and Preparing for Bankable Renewable Energy Projects

Representatives of Caribbean businesses along with financiers and government officers in the clean energy sector will get a better understanding of how to plan and prepare for bankable projects in renewable energy and energy efficiency this week. Some 30 project owners, developers, funders, financiers and consultants from several Caribbean countries are attending a Regional workshop on Financing Tools and Approaches for Sustainable Energy Projects. The workshop is being hosted by the Caribbean Development Bank (CDB) and the CARICOM Secretariat supported by the Government of Germany, through the Renewable Energy and Energy Efficiency Technical Assistance (REETA) Project; the Caribbean Renewable Energy Project (CREDP); United Nations Development Programme (UNDP) and CDB. The overall objective is to facilitate the development of investment grade calculations and risk mitigation for securing investments in energy efficiency and renewable energy systems and services. The workshop is one in a series of capacity building initiatives facilitated by CDB. “CDB is particularly focused on bridging the existing gap of appropriate financing for the development of Sustainable Energy […]


CDB Meets with Haiti’s Minister of Commerce and Industry to Discuss EPA/CSME Projects

Port-au-Prince – Edward Greene, Division Chief of the Technical Cooperation Division of the Caribbean Development Bank (CDB)  held talks yesterday with the Minister of Commerce and Industry of Haiti that were described as both “frank and productive”. In addition, Greene met with a senior official of CARIFESTA, the Caribbean Festival of the Arts, and affirmed the Bank’s commitment to support of the creative arts.  Haiti is playing host to CARIFESTA XII from August 21-30. Greene’s discussions with Jude Hervey Day, Haiti’s Minister of Commerce and Industry, came as the CDB prepares to enter into grant agreements with the Ministry that will fund two projects that will lead the way to improvements in the country’s implementation of both the Economic Partnership Agreement (EPA) between the European Union and CARIFORUM, and the CARICOM Single Market and Economy (CSME). The projects, to be implemented by the Ministry, are being funded through the CSME Standby Facility and the EPA Standby Facility. Division Chief, Technical Cooperation Division, Edward Greene (right) shakes hands with Jude […]


CDB Finances Training for Caribbean Water Sector Professionals

water supply

Senior Water Sector professionals from across the Caribbean will meet on August 23 – 24 to identify better ways of planning for the impact of climate change on the region’s water supply and systems. The meeting, co-hosted by the Caribbean Development Bank (CDB), takes the form of a workshop entitled “Building a Climate Resilient Water Sector in the Caribbean: Strategies for Water Utilities.” It will be held at the Intercontinental Hotel in Miami, Florida, USA. Some 50 water utility professionals, field personnel and experts will explore climate change impacts on the Caribbean water sector and strategies to strengthen resiliency. In addition, participants will work together to create action plans to protect their countries’ water resources in the face of these impacts. “Climate crisis presents a threat to water security in the Caribbean. This reality demands that water sector professionals and policymakers be better prepared to create and implement solutions that help Caribbean nations better safeguard their water resources. CDB is pleased to continue supporting dialogue among senior-level representatives […]


CDB Conducts Training Workshop, Helps Boost Aquaculture Sector in Guyana

The Caribbean Development Bank (CDB) is supporting the advancement of the aquaculture sector in Guyana, as the Ministry of Agriculture seeks to diversify the country’s agriculture industry. From August 17 to 21, 2015, CDB conducted a workshop on aquaculture farm management techniques for Ministry employees—a training initiative that aims to revitalise the sector and improve the livelihoods of aquaculture entrepreneurs. Participants during the workshop on aquaculture farm management techniques in Guyana. Fifteen Extension Officers assigned to the aquaculture sector participated in the Aquaculture Farm Management Techniques Training Workshop, which CDB presented through its Technical Cooperation Division and Caribbean Technological Consultancy Services (CTCS) Network, in collaboration with the Fisheries Department of the Ministry of Agriculture. “With transfer of learning to the work environment, this project is expected to contribute to increases in the number of aquaculture farms, employment, exports, and micro, small and medium enterprises’ (MSME) business performance. This will ultimately improve the livelihoods of small entrepreneurs within the Aquaculture industry, and increase the industry’s overall contribution to agriculture and Guyana’s […]


Caribbean Development Bank Advances Climate Change and Disaster Risk Management Agenda of Borrowing Member Countries

The CARICOM agenda for reducing risks and building resilience in Caribbean Communities got a much-needed boost recently. 23 disaster risk management and community development professionals from 15 countries gathered at the headquarters of Caribbean Development Bank (CDB) for an intensive five-day workshop on project design and implementation organised by Community Disaster Risk Reduction Fund (CDRRF). Speaking at the opening Ceremony of the Workshop, CDB’s Vice-President (Operations) emphasised the need for a broader reach and deepened relations with Borrowing Member Countries (BMCs). “We want to optimise the facility provided by CDRRF to assist in building capabilities at the community level.  We see the need for CDRRF when we consider the fact that communities can be affected extensively by the impact of natural hazards. That they can be displaced, experience disruption in livelihoods and even have security and personal safety reduced.  The need to help build community resilience becomes quite evident. CDB is keen on consolidating its relationship with BMCs”, stated Mrs. Patricia McKenzie. CAPTION: CDB’s Vice-President (Operations), Patricia McKenzie […]


SPISE 2015 comes to a close

On Friday August 14, 2015, the 2015 edition of the Student Programme for Innovation in Science and Engineering (SPISE) came to a close, and by all indications, it has once again been a resounding success. On the final day, the 18 students involved in the programme took the opportunity to showcase what they had studied over the past four weeks to the audience of eager parents, sponsors, and interested members of the public. SPISE is put on by the Caribbean Science Foundation (CSF), and aims to groom the Region’s next generation of leaders in science, technology and engineering. The residential programme is opened to gifted Caribbean students in Science, Technology, Engineering and Mathematics (STEM), and sees the students being immersed in an intensive programme of study, doing university-level courses in robotics, electronics and Mandarin, among others. Professor Cardinal Warde, Interim Executive Director of the CSF, notes that the SPISE programme aims to discourage rote learning, and instead, encourages the students to think critically: “We try to put the […]


CDB and Guyana Presidents meet; reaffirm relationship between the Bank and the country

Providing financial and technical support for Guyana’s goal of lifting people out of poverty and unlocking the country’s full potential was the key focus of a meeting on July 29, 2015 between His Excellency Brigadier David Granger, President of Guyana and Dr. William Warren Smith, President of the Caribbean Development Bank (CDB). His Excellency, along with the Prime Minister, Moses Nagamatoo and Ministers of Finance, Agriculture, Business, Community; Infrastructure; Foreign Affairs met with Dr. Smith and a team from the CDB. The group discussed the vision and priorities of the Government; as well as CDB’s strategic focus, and mechanisms of assistance available from the Bank. “We have a very clear vision where we want to go as a nation by 2020…we look forward to deepening the relationship with CDB,” President Granger said. The broad themes of focus of CDB’s Country Strategy for Guyana 2013 to 2017 are promoting broad-based growth and inclusive social development; supporting environmental sustainability and disaster risk management; promoting good governance; and fostering regional cooperation […]


30 participants from across the region benefit from Gender and Development Training Programme at UWI

Between July 6-31, 2015, approximately 30 participants from across the region received training in gender and development issues at the 2015 Eleventh Caribbean Institute in Gender and Development (CIGAD) Training Programme, being held at the University of the West Indies, Cave Hill Campus.  This was made possible in part by the Caribbean Development Bank, CDB, which contributed a total of USD49,550 towards the total cost of staging the event. “CDB sees gender equality as a strong driver of growth and an important ingredient for prosperity, and we are pleased to be associated with this unique training programme, which builds knowledge of gender equality, and offers an overview and understanding of how the social relations of gender impact on Caribbean development”, said Deidre Clarendon, Division Chief, Social Sector. The Caribbean Institute in Gender & Development is the region’s premier gender and development training programme, and is now in its 11th year.  It is hosted by the Institute for Gender & Development Studies: Nita Barrow Unit of the University of the West […]


CDB approves financing for solar photovoltaic plant in Anguilla

CDB approves financing for Solar Photovoltaic Plant in Anguilla.

On Thursday July 16, the Caribbean Development Bank’s (CDB) Board of Directors approved a USD2.341 million loan to finance the installation and commissioning of a 1 Megawatt Solar Pholtovoltaic Plant at Corito, which will enable the Anguilla Electricity Company Limited (ANGLEC) to introduce renewable energy into the energy mix for electricity production. The Project will also allow the utility company to examine and assess the response of its power system to the incorporation of an intermittent renewable energy source.   It is CDB’s sixth intervention in the energy sector in Anguilla and supports the Government of Anguilla’s goal of transforming the country into a carbon-neutral economy.  Anguilla’s 2008 National Energy Policy presents a vision for the country’s future as one of energy independence, with the island meeting its energy needs from reliable, affordable and renewable energy resources. The Government of Anguilla (GOA) has set a national target of producing 30 percent of its electricity from renewable sources by 2030 and cutting greenhouse gas emissions.   “The installation of […]


Guyana Rice Development Board achieves accreditation

GEORGETOWN, Guyana – The Guyana Rice Development Board (GRDB)’s Central Laboratory has made history by becoming the first laboratory in Guyana to become accredited to the International Standards Organisation’s ISO/IEC 17025 standard. The ISO standard is used by laboratories in developing their management system for quality, administrative and technical operations. Laboratory customers, regulatory authorities and accreditation bodies may also use it in confirming or recognizing the competence of laboratories. By earning this standard, the GRBD has achieved several significant milestones including becoming the first laboratory in the region to have: attained accreditation through the CARTFund, the Caribbean Aid for Trade and Regional Integration Trust Fund financed by the United Kingdom Department for International Development (DFID). been assisted towards achieving accreditation by the Guyana National Bureau of Standards (GNBS) functioning as the National Accreditation Focal Point (NAFP) become accredited outside of Jamaica utilising the Jamaica National Agency for Accreditation (JANAAC) earned accreditation through the Caribbean Cooperation for Accreditation (CCA) Scheme created by the CARICOM Regional Organisation for Standards and […]