The Caribbean Development Bank (CDB) has distinguished its Recovery Duration Adjuster (RDA) from the United Nations Multidimensional Vulnerability Index (MVI), demonstrating how the Bank’s framework is a more appropriate option for determining the level of concessional finance needed by Small Island Developing States (SIDS) for recovery from external shocks such as natural hazards and health […]
The 52nd Annual Meeting of the Board of Governors of the Caribbean Development Bank (CDB) is scheduled for June 14 – 16, 2022 in the Turks and Caicos Islands (TCI), bringing together the Bank’s highest decision-making body to discuss key development challenges facing the Region and innovative solutions. The Annual Meeting will be held under […]
Noting that development financing needs in the Caribbean are clearly not aligned with the current framework to access concessional finance, the President of the Caribbean Development Bank, Dr Hyginus ‘Gene’ Leon, proposed to use a forward-looking approach – CDB’s Recovery Duration Adjuster – to make more concessional funding available for Caribbean countries. Speaking on innovative […]
March 04, 2022, BRIDGETOWN, Barbados – It is time for action. In an era of myriad challenges, including geopolitical crises, an ongoing pandemic and increasing climate change related risks, building resilience is critical for Caribbean states to survive and thrive. As the Caribbean Development Bank (CDB) and the European Union (EU) signed off on Tuesday on […]
BRIDGETOWN, Barbados – The guidelines which direct the energy investments and approach of the Caribbean Development Bank are in for a refresh to meet the evolving needs of the energy sector. On January 31, CDB brought together stakeholders from its Borrowing Member Countries (BMCs) for a regional consultation workshop to give their input and perspectives on […]
The Caribbean Development Bank (CDB) is moving to create a “financing ecosystem” to support the rescue, recovery and repositioning of its Borrowing Member Countries’ (BMCs) economies to meet immediate needs and propel long-term growth and development. CDB President, Dr Gene Leon said the institution will marshal financing for a range of innovative instruments that will […]
President of the Caribbean Development Bank (CDB), Dr Hyginus ‘Gene’ Leon and Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister of Trinidad and Tobago, the Honourable Stuart R. Young, M.P. today discussed a multisource financing facility that could have a transformative development impact for the region’s energy sector. […]
Businesses in The Bahamas will be better able to meet international criteria under a new project valued at over EUR 400,000 which is being supported by the Caribbean Development Bank (CDB) and the European Union (EU).Funding of EUR 434, 923 is being provided under the EPA and CSME Standby Facility to establish a new mobile […]
President of the Caribbean Development Bank (CDB), Dr Hyginus “Gene” Leon has pledged to continue supporting priority reforms to advance holistic development in The Bahamas with infrastructure, education and digital transformation among the areas for immediate attention. Dr Leon recently made his first official trip to The Bahamas, where he discussed several high priority policy issues […]
