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Caribbean Climate Innovation Center, CDB assist with developing regional green tech entrepreneurial ventures

Fourteen business support organisations are now better positioned to empower green technology entrepreneurs to start and expand sustainable businesses.  This follows their participation in a capacity-building workshop in Barbados.

The Caribbean Climate Innovation Center, with support from the Caribbean Development Bank (CDB), hosted the sessions from May 2 to 4, which equipped participants with the knowledge to execute idea generation sessions and boot camps targeted at green tech entrepreneurs within their client portfolios.


CDB seminars to focus on resilience, air transport and the blue economy

Prime Ministers of Antigua and Barbuda, and Dominica to deliver keynote addresses The Caribbean Development Bank (CDB) will bring together government officials, experts and thought leaders for three interactive seminars during the 48th Annual Meeting of its Board of Governors in Grenada. Discussants will address three topics: building resilient cities; the blue economy; and regional air transport during the events, which are scheduled to take place on May 30 and 31, 2018 at the Radisson Grenada Beach Resort. After a devastating 2017 Atlantic Hurricane Season, the Bank designed the Meeting to include a forum for discussing “Building Resilient Cities”. The seminar will provide a preview of the Bank’s Urban Sector Policy and discuss solutions to, and progress made in addressing the Region’s urban sector challenges. Hon. Roosevelt Skerrit, Prime Minister of the Commonwealth of Dominica, will deliver an opening keynote address, which will be followed by a panel discussion. The discussion will be chaired by Gabby Crane, Team Lead, Regional Development Banks, United Kingdom Department for International Development. She will […]


CDB, with a view to boosting Regional economic growth, supports MSME entrepreneurs

Forty-six representatives from regional business support organisations (BSOs) are now better placed to assist the Caribbean Development Bank (CDB) with improving the competitiveness of 7,000 micro, small and medium-sized enterprise (MSME) in the Bank’s 19 Borrowing Member Countries (BMCs).

In keeping with the target set out in CDB’s 2015-2019 Strategic Plan, and the mandate of its Caribbean Technological Consultancy Services (CTCS) Network, the Bank hosted a regional stakeholders’ meeting, and proposal-writing workshop from April 23 to 27, 2018.  Its aim was to facilitate discussion and the exchange of ideas that will help to build a more integrated and collaborative support framework for developing the Region’s MSME’s.


CDB announces keynote speaker for prestigious Lecture

Keynote speaker for the William G. Demas Memorial Lecture Mark Pelling

The social impact of natural disasters will come into focus when Professor Mark Pelling of King’s College London delivers the 19th William G. Demas Memorial Lecture on May 29 in Grenada. The highly regarded researcher will speak on the topic, “From Social Resilience to Survivor-Led Reconstruction” at the event, which is part of the agenda of the Annual Meeting of the Board of Governors of the Caribbean Development Bank (CDB).


CDB adds electric vehicle to its transportation fleet

CDB officials with electric vehicle, a nissan leaf tekna at its headquarters in Barbados

  The Caribbean Development Bank (CDB) has added an electric vehicle to its transportation fleet, as part of its commitment to advance a clean energy agenda in the Region. Energy security is a consideration integrated throughout CDB’s work—both within the organisation and throughout its Borrowing Member Countries, under the Bank’s 2015-2019 Strategic Plan. Left to right: Tessa Williams Robertson, Head, Renewable Energy and Energy Efficiency Unit; Monica La Bennett, Vice-President (Operations); Dr. William Warren Smith, President; and Yvette Lemonias Seale, Vice-President (Corporate Services) and Bank Secretary during a photo opportunity at CDB’s Headquarters in Barbados. The vehicle, a Nissan Leaf Tekna purchased through the Barbados-based company, Megapower Ltd., produces zero emissions and will reduce the Bank’s carbon footprint as it transports packages and officials throughout the island. In 2015, CDB adopted an Energy Sector Policy and Strategy that set out the CDB’s approach for tackling the Region’s energy challenges, including emphasising energy security and access; prioritising renewable energy and energy efficiency; and promoting a holistic approach to energy […]


CDB and IDB showcase procurement opportunities for Barbados private sector


Projects financed by the Caribbean Development Bank (CDB), and the Inter-American Development Bank (IDB) present significant business opportunities for the Region’s private sector. However, limited understanding of the procurement processes at CDB and the IDB pose challenges for the business community, and result in low or unsuccessful participation. On Monday April 30, CDB and IDB co-hosted a procurement seminar aimed at developing the capacity of the Barbados private sector to take advantage of opportunities available through projects financed by both institutions. Speaking at the opening of the event, entitled “Business Opportunities in Barbados – Procurement for CDB- and IDB-Financed Projects”, CDB’s Director of Projects, Daniel Best, said that the Barbados business community has played a crucial role in providing procurement for CDB projects. “In terms of the monetary value of contracts awarded on CDB- financed projects, Barbados has been the third-largest recipient over the past seven years. It is also important to note that the local private sector has supported the successful implementation of CDB projects not just […]


USD65.5mn rehabilitation and reconstruction project launches in the British Virgin Islands

British Virgin Islands

The Caribbean Development Bank (CDB) has launched a Rehabilitation and Reconstruction Project in the British Virgin Islands (BVI), which will assist the country in recovering from the effects of Hurricane Irma. The Project, which was launched on April 10, 2018, will be funded through a USD65.3 million (mn) loan and a USD300,000 grant. Speaking at the launch, Diana Wilson Patrick, General Counsel, CDB, noted that the Project is a further extension of CDB’s efforts to help BVI recover from the impact of the extreme weather event. In the immediate aftermath of Hurricane Irma, the Bank provided an Emergency Relief Grant of USD200,000, and Immediate Response Loans totalling USD2.25 mn. “It was with a sense of some pride that the management and staff of the Caribbean Development Bank were able to work with our counterparts in the Government of the Virgin Islands to have financing towards the proposed rehabilitation and reconstruction activities approved by the Bank’s Board of Directors on December 14, 2017. This was a mere three months […]


The Bahamas, with CDB support, eyes higher Doing Business ranking

The Government of the Bahamas believes greater synthesis between its public and private sectors may assist with further improving the country’s ranking as measured by the World Bank in its annual Doing Business Report.  According to data published this year, The Bahamas ranked 119 of 190 countries—an improvement on its 2017 position at 121.


CDB approves grant for agriculture project in Jamaica

The Caribbean Development Bank (CDB) will provide a grant of GBP974, 000 to the Government of Jamaica, to prepare a feasibility and design study for the development of an agriculture project for communities in the parishes of St. Catherine and Clarendon. The St. Catherine and Clarendon Agricultural Development project is being funded through a grant from the United Kingdom Caribbean Infrastructure Partnership Fund (UKCIF), which is administered by CDB. “The agriculture sector plays a significant role in Jamaica’s socioeconomic development, and provides employment opportunities for rural residents. In St. Catherine and Clarendon, there are large areas of land which are being underutilised, and which could provide opportunities for expanding the sector. The plans and designs developed under this feasibility study will lay the groundwork for a project to enhance the productivity of farmers in these parishes,” said Andrew Dupigny, Head of Infrastructure Partnerships, CDB. The feasibility study will establish capacity for an agriculture project, including an irrigation system and associated production and marketing systems. Challenges for the agriculture […]