The Board of Directors of the Caribbean Development Bank (CDB) met this week and approved up to US$140 million to be used by the Bank’s Borrowing Member Countries to tackle the fallout of the COVID-19 pandemic and other shocks to their economy. “The economic and social shock of the COVID-19 pandemic will likely be severe […]
In an environment where the Caribbean is more challenged by unilateralism abroad, the Caribbean Development Bank (CDB) is being urged to invest in initiatives to make the Caribbean more resilient and self-sufficient. Deputy Prime Minister and Minister of Finance of The Bahamas and Chairman of CDB’s Board of Governors, the Honourable Kevin Peter Turnquest, has made this call today, while speaking to […]
October 17, 2019, MIAMI, Florida – Leaders and experts are calling for more collaboration across the Caribbean to unlock the potential of the blue economy, noting that a regional approach can help overcome the inherent challenges of size and scale. The calls came at Blue Economy Caribbean 2019, held in Miami, Florida on October 15, […]
The Government of Montserrat and the Caribbean Development Bank (CDB) in cooperation with the United Kingdom Caribbean Infrastructure Fund (UKCIF) launched today with the Little Bay Port Development one of the largest projects in recent times in Montserrat. “Today’s launch of the port project marks one of the first steps towards the fulfilment of the […]
March 21, 2019 – Prime Minister and Minister of Finance, Dr. the Right Honourable Keith Mitchell has welcomed the report from the Caribbean Development Bank (CDB) that Grenada remains the fastest growing economy in the Caribbean. The CDB’s latest Country Economic Review, for Grenada states that “In 2018, Grenada continued to be the fastest growing […]
The European Union has signed a Financing Agreement of EC$18.35 million (€5.98M) with the Government of St. Vincent and the Grenadines for the Road Management and Rural Road Improvement Programme. This Programme will be implemented by the Caribbean Development Bank (CDB) under an agreement with the European Union. The overall objective of the intervention is […]
October 4, 2018, BRIDGETOWN, Barbados – Successfully addressing gender inequalities in the Region will require incorporating gender strategies in the educational system, especially at the early childhood level. Research has shown that children start to develop and exhibit stereotypical behaviour and perceptions from as early as five years old. These are not biological, but rather, socially constructed, […]
August 7, 2018, BRIDGETOWN, Barbados – The Caribbean Development Bank (CDB) and the United Kingdom Department for International Development (DFID), have signed an agreement which will add GBP30 million (mn) to the United Kingdom Caribbean Infrastructure Partnership Fund (UKCIF). The agreement was signed on the sidelines of CDB’s Board of Directors meeting on July 26, […]
July 26, 2018, BRIDGETOWN, Barbados – The Board of Directors of the Caribbean Development Bank (CDB) has approved a USD9.3 million (mn) loan to the Government of Anguilla, to implement a reform programme that aims to restore fiscal sustainability and enhance resilience against natural disasters. Anguilla is highly vulnerable to natural disasters, and since 1995, […]
