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11th William G. Demas Lecture

May 4, 2010 No. 15/10-G ELEVENTH WILLIAM G. DEMAS MEMORIAL LECTURE TO BE DELIVERED BY JAMAICAN-AMERICAN SCIENTIST Professor Patricia Martin-DeLeon will deliver the Eleventh William G. Demas Memorial Lecture.  Her topic will be Increasing the Caribbean’s Human Capital in the Stem (Science, Technology, Engineering and Mathematics) Fields: The Pivotal Role of Mentoring. Professor DeLeon is Trustees Distinguished Professor of Biological Sciences at the University of Delaware, where she has worked for the last 34 years, and where she serves as Faculty Representative on the Board of Trustees. She has been a Visiting Scientist in the Pediatrics Department of Johns Hopkins University, a Visiting Faculty in the Department of Psychiatry of the University of Pennsylvania, and an Adjunct Professor in the Department of Pharmacology, Penn State University College of Medicine.  Professor DeLeon is a reproductive geneticist whose research interests focus on genes involved in sperm development and function as well as sperm membrane and epididymal proteins.  She attended Excelsior High School in Kingston, Jamaica.  She graduated with a B.Sc. and an M.Sc. from […]

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CDB Contributes to CARTAC

March 18, 2011 No. 6/11-BD CDB TO CONTRIBUTE USD 1 MILLION TO CARTAC The Caribbean Regional Technical Assistance Centre (CARTAC) is to receive a technical assistance grant equivalent to USD1 million from the Caribbean Development Bank (CDB).  The grant is a contribution to a fourth phase of CARTAC’s programme for the period 2011-15. CARTAC is one of seven regional technical assistance centres operated by the International Monetary Fund.  These centres were established to build country capacity in the areas of macroeconomic and financial management.  CARTAC was conceptualised and established in November 2001.   From the inception, CDB has provided strong support to CARTAC’s operations, in acknowledgment of the pressing needs of the Bank’s borrowing member countries to address knowledge and capacity deficits in the areas of macroeconomic management, statistics and financial sector supervision.  The CARTAC office is located in Barbados. 

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Support for Caribbean Climate

February 24, 2012   No. 8/12-G   Reinforced European engagement to support Caribbean Climate Action   Caribbean small island states will benefit from new funding and technical assistance for initiatives that reduce the negative impact of climate change and decrease greenhouse gas emissions. The European Investment Bank will provide USD 65m for a dedicated Climate Action lending programme through the Caribbean Development Bank in 18 countries. The lending programme was formally agreed at the European Investment Bank headquarters in Luxembourg by CDB President, Dr. Warren Smith, and EIB President, Dr. Werner Hoyer, during a high-level working visit to strengthen cooperation between the two institutions.  The visit included a joint EIB and CDB workshop to discuss partnering for Climate Action in the Caribbean, and exchange of ideas concerning future cooperation with the EIB’s Vice President responsible for operations in the Caribbean, Plutarchos Sakellaris. “The European Investment Bank recognises the challenges of a changing climate faced by small island states in the Caribbean. Working closely with the Caribbean Development Bank, […]

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ICTs Conference

September 19, 2008 No. 23/08-G CDB  TO  HOST  CONFERENCE  ON  ICTs  FOR  DEVELOPMENT   The Caribbean Development Bank (CDB), in collaboration with other development partners, will host a conference entitled “Incorporating ICTs into the Regional Development Agenda: Using e-Government as the Driver”.    This conference is designed to sensitise regional policy-makers and advisers to the importance of mainstreaming information and communication technologies (ICTs) into the development agenda, and to the benefits to be derived from deploying e-government systems.   CDB is of the view that ICTs deployed by government systems can serve to effect better delivery of services to citizens, improved interactions with business and industry, citizen empowerment through access to information, and more efficient government management. At the opening session of the conference, CDB’s Vice-President (Operations), Mr. Desmond Brunton, will give the welcome address, while Director of the UN ECLAC Sub-Regional Office, Mr. Neil Pierre, will speak on “National Development Strategy and National ICT Strategy Integration: Meeting MDGs and WSIS Declaration”. It will take place at the CDB Conference Centre from September 30 to […]

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31st May

 Haiti Takes Place on CDB Board of Governors Haiti was warmly received among the membership of the Caribbean Development Bank (CDB) at the Bank’s Thirty-Seventh Annual Meeting. The Haitian delegation was led by Mr. Daniel Dorsainvil, Minister of the Economy and Finance, CDB Governor for the Republic of Haiti. The Annual Meeting was held at the Radisson Plaza Eurobuilding Hotel in Caracas, Venezuela, on May 30 and 31, 2007. Haiti, which previously enjoyed observer status at the Annual Meeting, became a full member of CDB in January of this year. During the Opening Ceremony, Chairman Mr. Rafael Isea, CDB Governor for Venezuela, gave the Welcome Address. Replies to the Welcome Address were given by the Governors for Antigua and Barbuda, Mexico and the United Kingdom. Dr. Rodrigo Cabezas, representative of the President of the Bolivarian Republic of Venezuela, also addressed the audience at the Opening Ceremony. CDB President, Dr. Compton Bourne, in his Annual Statement to the Governors, addressed the theme Urban Development: Challenges and Approaches . He said that the […]

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21st October

 Negotiations Successfully Concluded for Replenishment of CDB’s Special Development FundThe Caribbean Development Bank has successfully concluded negotiations for the latest replenishment of its Special Development Fund which were started in Georgetown, Guyana, in November 2004, after a final round of meetings held at CDB’s Headquarters in Barbados on October 13, 2005. Contributors pledged amounts totalling USD158 million to support the operations of the Fund over the next four years. This represents a significant increase over the last replenishment of USD95 million in 2001.SDF is a partnership involving the Bank’s regional borrowing members, regional non-borrowing members (Colombia, Mexico and Venezuela) and non-regional members (Canada, China, Germany, Italy and the United Kingdom). It is the Bank’s principal window for providing loans of high development priority on very concessionary terms. Grant financing also forms a significant part of its operations. Resources from this new replenishment will make it possible for the Bank to address the problems of poverty reduction and broad-based economic growth in its BMCs, as well as to assist […]

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Policy-Based Loan, Antigua

December 10, 2009 No. 30/09-BD Antigua and Barbuda to Receive CDB Policy-Based Loan The Board of Directors of the Caribbean Development Bank (CDB) has approved a policy-based loan in an amount equivalent to USD30 million to the Government of Antigua and Barbuda, in support of that country’s National Economic and Social Transformation Plan.   Restoration of fiscal and debt sustainability is a key policy imperative for the Government of Antigua and Barbuda.  The policy-based loan will support initiatives consistent with this imperative, and cover reforms in the areas of macroeconomic management, expenditure and debt management; revenue enhancement and social transformation.  The loan is one component of an integrated approach by the Government of Antigua and Barbuda to implement its adjustment programme.  The programme involves closing the financing gap through a combination of financing from the International Monetary Fund and from CDB, as well as a comprehensive debt restructuring strategy.  

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Belize Education Sector

July 22, 2010 No. 30/10-BD BELIZE EDUCATION SECTOR TO RECEIVE CDB FINANCING   The Government of Belize is to receive a technical assistance grant equivalent to USD260,000 from the Caribbean Development Bank (CDB).  The financing is to help meet the costs of consultancy services for enhancing the policy and strategic framework which is needed to further develop Belize’s education sector. This project accords with the Government’s strategy for improving human resource development and social protection.  The principal beneficiaries will be students currently in the education system, as well as those 3 to sixteen years old who are currently outside the system, and all Belizeans seeking expanded educational opportunities.   Activities which are to be covered by the consultancy include conducting a sector diagnosis from which policy guidelines will be developed; creation of a school location plan, including recommendations for new schools, amalgamation of existing institutions, a draft transportation policy and a school mapping model; formulation of an educations sector strategy; and development of a comprehensive education sector investment programme, identifying priority areas for […]

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Drainage Study Loan, Barbados

July 18, 2011 No. 24/11-BD BARBADOS TO GET CDB LOAN FOR DRAINAGE AND IRRIGATION FEASIBILITY STUDY  The Government of Barbados is to receive a loan equivalent to USD250,000 from the Caribbean Development Bank (CDB) to undertake a feasibility and design study for an irrigation and drainage system.  The project is to be undertaken on approximately 525 acres of agricultural lands owned by the government at River Plantation in the parish of St. Philip. Barbados’ agriculture sector has been identified as being critical for development in the government’s Medium Term Development Strategy.  Sustainable growth in the sector requires investment in irrigation and drainage systems, farmers’ adoption of improved production technologies and stronger linkages between production and marketing. The lands at River Plantation, have a unique advantage over several other agricultural lands in Barbados, being close to an abundance of fresh water, but this is partly negated by relatively high flood risk.  If properly developed, these lands hold the potential to significantly boost agricultural output.   The state-owned Barbados Agricultural Development and Marketing Corporation will […]

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Anguilla Port Development

December 12, 2008 No. 34/08-BD CDB FINANCING PORT DEVELOPMENT PROJECT IN ANGUILLA The Caribbean Development Bank (CDB) has approved a loan equivalent to USD18 million to the Government of Anguilla.  The funds are to be used to finance the construction of new landside facilities at Blowing Point Ferry Port, the main port of entry into Anguilla. The objective of the project is to upgrade the facilities in order to accommodate the current and projected traffic to the year 2027, and to provide improved levels of service to the users of the port.  This will be achieved through the construction of a new terminal building and external works consisting of access roads, parking and landscaping. Implementation will be undertaken by the Department of Infrastructure of the Ministry of Infrastructure, Communications, Housing, Agriculture and Fisheries.  This project constitutes the first phase of a development plan aimed at developing the Blowing Point area as a centre of economic activity in Anguilla.

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