BASIL SPRINGER COLUMN (JULY 11, 2022) “The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.” – Proverbs 21:5 In 1998, the Caribbean was faced with the declining fortunes of staple sugar and banana exports. The Caribbean Development Bank (CDB) had a vision to create a system […]
WASHINGTON, September 29, 2021 – Short-cycle higher education programs (SPCs), such as technical degrees, tertiary careers and advanced vocational training programs, can be a highly effective tool in times of crisis such as the current COVID-19 pandemic, when millions of people across Latin America and the Caribbean need to acquire the training and skills to urgently join the […]
The Caribbean Development Bank (CDB) has approved loans of US$25 million to Antigua and Barbuda and US$7.5 million to Anguilla to counter COVID-19 fallout and support economic recovery. “The two loans will buttress socially responsible policies, particularly for the benefit of vulnerable people in Anguilla and Antigua and Barbuda, while backing the reform process in […]
August 26, 2021, CASTRIES, Saint Lucia – The Caribbean Development Bank (CDB) has promised closer collaboration with the Government of Saint Lucia to facilitate economic recovery and build resilience as the country navigates the COVID-19 pandemic and other development challenges. The commitment comes following the first official meeting between CDB President Dr Gene Leon and […]
The United Nations commemorated Micro, Small and Medium-sized Enterprises (MSMEs) day on 27th June. This day dedicated to MSMEs is to recognise their contribution to the global economy. There is indeed a clear reason for doing so. The United Nations Conference on Trade and Development reports that MSMEs account for more than 90% of all […]
A high-level panel of government and business leaders will explore the impacts of the COVID-19 pandemic on the Caribbean in the opening seminar of the Caribbean Development Bank’s (CDB) 51stAnnual Meeting. They will also examine policy imperatives for recovering from the impacts and the keys to building a Caribbean Region that is far more resilient […]
Output to remain below pre-COVID trends despite robust rebound by US and China WASHINGTON, June 8, 2021 — The global economy is expected to expand 5.6% in 2021, the fastest post-recession pace in 80 years, largely on strong rebounds from a few major economies. However, many emerging market and developing economies continue to struggle with the COVID-19 […]
WASHINGTON, May 25, 2021 – The World Bank Board of Executive Directors approved today a US$100 million COVID-19 Response and Recovery Development Policy Loan for The Bahamas. The operation will support the country’s efforts to provide COVID-19 relief and lay the foundation for a resilient economic recovery. “The COVID-19 pandemic came on the heels of the devastation […]
Study Finds One-Third of Economic Activity Occurs Outside Governments’ Line of Sight WASHINGTON, May 11, 2021—A strikingly large percentage of workers and firms operate outside the line of sight of governments in emerging market and developing economies (EMDEs)—a challenge that is likely to hold back the recovery in these economies unless governments adopt a comprehensive […]
