This document presents a synthesis of the main findings and lessons learned from evaluations completed in 2025 and published in early 2026, as well as from Project Completion Validation Reviews (PCVRs) conducted between 2023 and 2025. Together, these sources provide a consolidated view of the evidence emerging from the Caribbean Development Bank's recent evaluation portfolio.The evaluations and PCVRs offer important insights into what is working well, where challenges persist, and what lessons can be drawn to strengthen future programming. They provide evidence for the Bank, its Borrowing Member Countries (BMCs), and the Board of Directors to inform decision-making, enhance development effectiveness, and strengthen the design and implementation of future interventions.
Policy-Based Operations 2006-2016
Financial Services
Evaluation Report
Corporate
Complete
CDB
Management Response
Yes
Summary
The Caribbean Development Bank introduced policy-based lending in 2006, the aim of which was to “address complex medium-term structural, social and institutional issues that are essential to the attainment of sustainable development and poverty reduction” and to “support the implementation of policy reforms and institutional changes aimed at improving the effectiveness of public policy.”This evaluation assesses the Bank’s experience with the PBL instrument over the period 2006-2016. It examines the need for and relevance of the PBL programme, its design, implementation and results achieved, as well as areas for improvement.An analysis of how the PBL programme performed in practice is demonstrated in the case study reports of Barbados, Jamaica, Grenada, and St. Vincent and the Grenadines. The evaluation report contains 25 findings, 8 conclusions and 6 recommendations.
