February 25, 2021, BRIDGETOWN, Barbados – After an extremely difficult year in which the economies of its 19 Borrowing Member Countries (BMCs) contracted by 12.8% on average due to the onset of Covid-19, the Caribbean Development Bank (CDB) is projecting an average gross domestic product (GDP) growth of 3.8% in 2021. However, this projection, made […]
The Caribbean Development Bank (CDB) has awarded US$ 50,000 in grant funding to two film and animation entities in Saint Lucia and Trinidad and Tobago for projects which aim to increase cultural collaboration and empower at-risk youth. The successful recipients are Saint Lucia’s Malfini Film and Animation Studio, Inc and Trinidad and Tobago’s Forward Ever […]
The Board of Governors of the Caribbean Development Bank (CDB) has elected Dr. Hyginus ‘Gene’ Leon to serve as the next President of the multi-lateral institution. Dr. Leon’s appointment will become effective on May 1, 2021. He will succeed Dr. Wm Warren Smith who has been at the helm of the regional financial institution for the last 10 years. Dr. Leon has […]
December 21, 2020, BRIDGETOWN, Barbados – The Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) today signed a US$50 million loan agreement to support COVID-19 response projects in the Organisation of Eastern Caribbean States (OECS) Member States. The agreement was signed by CDB Vice-President (Operations), Diana Wilson Patrick and IDB Representative in Barbados, Juan Carlos De la […]
An improved water supply is in the pipeline for nearly 100,000 Jamaicans under a programme approved for US$30 million in funding from the Caribbean Development Bank (CDB). The Bank’s Board of Directors authorised CDB’s funding for the programme at their meeting on Thursday, December 10. The programme seeks to upgrade seven water systems in a […]
ST. GEORGE’S, GRENADA, DEC. 14, 2020 – Young persons from the community of Mt. Horne, St Andrew, who recently completed Level 2 Caribbean Vocational Qualifications (CVQ) in General Construction, will now undergo an internship. It will entail the building of a playground and bus shed for residents of Mt. Horne, St. Andrew. In 2019, 25 […]
The Caribbean Development Bank is supporting St. Vincent and the Grenadines’ push to expand and increase its range of renewable energy options through a planned solar energy project. On Thursday, December 10 the Bank’s Board of Directors approved financing of US$8.6 million to St. Vincent Electricity Services Ltd (VINLEC) for the supply and installation of […]
An estimated 55,000 daily road users will benefit from reduced travel times and vehicle operating costs, and improved access to climate resilient, all-weather and safer roads. The upgraded corridor will also directly benefit 45,000 residents in the districts of Corozal, Orange Walk and other northern communities through increased economic opportunities during and after construction, with support […]
Students and staff at nine schools across St. Vincent and the Grenadines can look forward to new and improved facilities under a major schools’ improvement project to be supported with US$13.7 million (mn) in funding from the Caribbean Development Bank (CDB). On Thursday, December 10, the Bank’s Board of Directors approved CDB’s support of the […]
