At the Twenty-Eighth Annual Meeting of the Contributors to the Unified Special Development Fund, held on May 24, 2011 in Port of Spain, Trinidad and Tobago, the Consultants engaged by the Caribbean Development Bank (the Bank) to undertake a Mid-Term Review (MTR) of the Special Development Fund (Seventh Cycle) (SDF 7) presented their report to Contributors. The Report assessed the progress on the implementation of the Seventh Cycle including the results monitoring framework, and progress with respect to the SDF 7 Implementation Plan and the strategic priorities for the cycle.
The attached Management’s response to the conclusions, recommendations and next steps contained in the Report of the MTR of SDF 7 is submitted for the consideration of SDF Contributors.