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News Release 16/12-BD

March 7, 2012 No. 16/12-BD CDB BOARD APPROVES ACCEPTING UK FUNDS FOR REGIONAL RESILIENCE DEVELOPMENT PLAN   The Board of Directors of the Caribbean Development Bank (CDB) have given approval for the Bank to accept a contribution of £4,950,308 in International Climate Fund (ICF) monies from the United Kingdom Government to support a regional programme to build resilience to climate change and disasters.  Specifically, the funds will be used to support of priority actions in the Caribbean Community (CARICOM) Regional Framework for Achieving Development Resilience to Climate Change implementation plan.    This plan will strengthen the regional institution’s ability to support national level adaptation as well as Caribbean participation in global negotiations.  It will also help some of the most vulnerable communities to withstand the impacts of climate change and variability. The Caribbean has been assessed as a priority for immediate ICF adaptation attention, based on the Region’s vulnerability, its capacity to implement, political will and country coverage. CDB will administer the funds, while he Caribbean Community Climate Change Centre will implement the programme. 


News Release 27/12-G Citizen Security in Focus at CDB Annual Meeting

NO 27/12-G, 11 May 2012 Crime and violence is a developmental issue which the Caribbean Development Bank (CDB) has identified as an important area of focus over the next strategic plan period 2012-2014. That’s why a panel discussion on Improving Citizen Security in the Region will engage the attention of the Bank’s Governors on Wednesday, May 23, 2012, during their Annual Meeting in the Cayman Islands. Increasing violent crime in many of CDB’s Borrowing Member Countries (BMCs) represents a significant threat to economic and social development and hampers efforts to reduce poverty and achievement of the Millennium Development Goals. CDB recognises the urgency with which this issue must be addressed if the Region is not to lose the developmental momentum of the past two decades or worse, experience an erosion in the socio-economic gains attained. The panellist will be Professor Anthony Harriott, Director of the University of West Indies Institute of Criminal Justice and Security and Head of the Department of Government at UWI Mona; Barbadian poet, Adisa […]


News Release No. 13/08-BOD

 Press ReleaseMay 27, 2008No. 13/08 – BOD Delegates at the 38th Annual Meeting of the Caribbean Development Bank, being held in Halifax, Nova Scotia, Canada, have been assured that the province’s relationship with the Caribbean will be as important to Halifax’s future as it has been to its past. This assurance came from both the Deputy Premier of the province, the Honourable Angus MacIsaac, who is also the Minister of Economic Development, and the Minister of Agriculture, the Honourable Brooke Taylor as they spoke on Monday night at a reception for the delegates. Deputy Premier MacIsaac said that Nova Scotia was a fitting location for the CDB Annual Meeting considering the longstanding mutual history and the “many strong ties” between the province and the Region. “From swapping resources like salt fish, lumber, sugar and rum, this trading relationship has evolved to include partnerships in tourism, education and environmental protection. Together, with our expertise and shared resources, we can strengthen democratic governance, economic renewal, education and leadership, while building prosperity,” MacIsaac said. The Agriculture […]


News Release – May 26, 2008

  May 26, 2008 No. 12/08 – BOD  NEWS RELEASE CDB APPROVES USD 5 MILLION GRANT FOR HAITI Poor young Haitians between the ages of 15 and 24 years will have enhanced access to technical and vocational education and training through a project being supported financially by the Caribbean Development Bank (CDB). The Bank’s Board of Directors has approved a grant equivalent to USD 5 million to the Government of the Republic of Haiti for this project.  Approval was granted during a meeting of the Board chaired by CDB President, Dr. Compton Bourne, on Monday, May 26, 2008, at the Westin Nova Scotian Hotel in Halifax, Nova Scotia, Canada. Under the project, three vocational schools will be rehabilitated and expanded, and transformed into reference centres.  These reference centres will serve as model or demonstration centres to respond to the labour needs of the regions in which they are located, and to provide support to other training centres in the region. Furniture and equipment for the centres will also be provided, as well as assistance […]


News Release No. 11/08 – CDB expresses condolences to China

 May 20, 2008No. 11/08  NEWS RELEASE CDB Expresses condolences to chinA  The Caribbean Development Bank (CDB) has expressed condolences to the People’s Republic of China in the wake of the devastating earthquake which shook Sichuan Province on May 12. CDB President, Dr. Compton Bourne, wrote to China’s Ambassador to Barbados and the Eastern Caribbean, Mr. Liu Huanxing, on May 14, to offer deepest condolences on the tragic loss of so many lives on behalf of the staff of the Bank and on his own behalf. Dr. Bourne wished the “Government and People every success in their efforts to rescue those who are still trapped and may be alive, and in the subsequent programmes of counselling of survivors and the families of the deceased as well as in the later efforts of rehabilitation and reconstruction.” China joined CDB as a non-regional member in 1998, and is represented on the Bank’s Board of Governors and Board of Directors. 


News Release No.10/08 – CDB Annual Meeting events available via internet

May 20, 2008 No. 10/08   NEWS RELEASE   CDB ANNUAL MEETING events AVAILABLE VIA INTERNET   Major events associated with the Annual Meeting of the Board of Governors of the Caribbean Development Bank (CDB) will be available for viewing via the Internet from Halifax, Nova Scotia, Canada, next week.  The events to be webcast are:             7:30 p.m. Tuesday, May 27 – William G. Demas Memorial Lecture             9:00 a.m. Wednesday, May 28 – Opening Ceremony, Board of Governors  Meeting             11:45 p.m. Thursday, May 29 – Closing Ceremony, Board of Governors Meeting             1:00 p.m. Thursday, May 29 – Closing News Conference The link will be active approximately one hour before the scheduled start of the event.   All times are Atlantic Daylight Time. The Demas Memorial Lecture will take place at the Westin Nova Scotian Hotel, while the Board of Governors Meeting will be held at the World Trade and Convention […]


News Release No. 9/08 – CDB Governors to Address Climate Change and the Food Crisis

May 19, 2008 No. 9/08 The Board of Governors of the Caribbean Development Bank (CDB) will discuss Climate Change and its impact on the Caribbean, as well as the Food Crisis when the Bank holds it Annual Meeting in Halifax, Nova Scotia, Canada, next week. CDB President, Dr. Compton Bourne, believes the impact of climate change is not fully appreciated and its effects are likely to be pervasive for countries of the Region.  He says this impact is felt most keenly in agriculture, tourism and fisheries. The Caribbean Community Climate Change Centre will present a paper on the activities of the Centre.  Among the areas dealt with in the paper will be Caribbean Vulnerability to Global Warming and Climate Change and Regional Adaptation and Mitigation Activities. The President also disclosed that “We are tabling a paper on the food crisis.  I believe the need to act is very urgent.”  Dr. Bourne is of the view that, a critical approach to addressing the crisis is to increase food production […]