Caribbean Development Bank CDB
-
Caribbean Initiative Launched to Harmonise Agricultural Trade Standards
A new regional initiative to strengthen agricultural trade within the Caribbean was formally launched recently, as the Caribbean Agricultural Health and Food Safety Agency (CAHFSA) convened an inception meeting to develop regional Sanitary and Phytosanitary (SPS) standards for priority agricultural commodities. The initiative is part of the Caribbean Development Bank (CDB)-funded project ‘Strengthening the Framework for Intra-Regional Trade in Agriculture…
Read More » -
CDB President Charts Decisive Decade for Caribbean Resilience
President of the Caribbean Development Bank (CDB, the Bank), Mr. Daniel M. Best, has unveiled a transformative agenda to position the Region for long-term resilience, calling this period the Caribbean’s “decade of decision.” Speaking at the Bank’s Annual News Conference on 3 March, President Best underscored the scale of the moment, noting that heightened geopolitical tensions, climate volatility, technological disruption, and shifting global supply chains are reshaping the global…
Read More » -
Condolence Message | Dr William Warren Smith, CD, Former President of the Caribbean Development Bank (CDB)
The Caribbean Community (CARICOM) is deeply saddened by the passing of Dr William Warren Smith, CD, former President of the Caribbean Development Bank (CDB), and a distinguished Caribbean development economist. Dr Smith served the region with exceptional dedication and vision. His leadership of the CDB, LIAT, and in several high-level roles in Jamaica, was marked by intellectual rigour, integrity, and…
Read More » -
End of Year Message | Outgoing CARICOM Chair | Dr The Most Honourable Andrew Holness | Prime Minister | Jamaica
“At this moment in our history, we are also reminded that the Caribbean must now navigate a rapidly shifting geopolitical landscape. The current international environment requires our Region to act with clarity, cohesion, and strategic discipline. As global tensions intensify and external geopolitical developments increasingly intersect with our interests — affecting our economies, our security, and our diplomatic relationships —…
Read More » -
Jamaica Secures US$6.7B Package Over Three Years in International Support for Recovery and Reconstruction After Hurricane Melissa
Following Hurricane Melissa and at the request of Jamaican Prime Minister Andrew Holness, CAF –Development Bank of Latin America and the Caribbean, the Caribbean Development Bank (CDB), the Inter-American Development Bank Group (IDB Group), the International Monetary Fund (IMF), and the World Bank Group (WBG) have jointly assembled a comprehensive package of up to US$6.7 billion over three years to…
Read More » -
Experts Warn Action is Needed for Caribbean Food Systems to Weather Climate Change
Caribbean agriculture faces an existential crisis as increasingly intense climate events devastate farming communities across the region, experts and development leaders warned at a critical side event during the 30th United Nations Climate Change Conference (COP30), which was held 10 – 21 November 2025, in Belém, Brazil. The Caribbean Development Bank (CDB) convened panel discussion, “Agriculture and Food Security in the Caribbean:…
Read More » -
IDB, CAF, and CDB Launch Caribbean Debt-for-Resilience Joint Initiative
Belem, Brazil– November 13, 2025: The Inter-American Development Bank (IDB), CAF – Development Bank of Latin America and the Caribbean, and the Caribbean Development Bank (CDB) launched today at COP30 the Caribbean Multi-Guarantor Debt-for-Resilience Joint Initiative, a landmark regional effort designed to boost disaster preparedness while easing debt pressures across the Caribbean. By leveraging guarantees from Multilateral Development Banks (MDBs)…
Read More » -
CARICOM Institutions Support Coordinated Recovery Efforts in Jamaica Following Category 5 Hurricane Melissa
Members of the High-Level team (left to right): Mr Daniel Best, Dr Lisa Indar, Ms Elizabeth Riley and Dr David Farrell (Credit: CDEMA) Monday, 3 November 2025 (CARICOM Secretariat, Turkeyen, Greater Georgetown): In the wake of Hurricane Melissa’s devastating impact, governments of the Caribbean Community (CARICOM) have dispatched aid and pledged financial support to assist in the response and recovery…
Read More » -
CDB Vice President Calls for Action to Strengthen Caribbean Resilience and Economic Stability
The Caribbean Development Bank (CDB, the Bank) is urging regional governments and development partners to take decisive action to address persistently low growth and high debt across the Caribbean. Speaking at the 2nd Caribbean Debt Forum, Ian Durant, Vice-President Finance and Corporate Services (Ag.) of CDB, outlined a comprehensive set of recommendations to support inclusive sustainable development through improvements in competitiveness, while maintaining macroeconomic stability…
Read More » -
CDB Signs Landmark MOU with OPEC Fund to Accelerate Regional Development
The Caribbean Development Bank (CDB, the Bank) has signed a Memorandum of Understanding (MOU) with the OPEC Fund for International Development, establishing a strategic framework for collaboration aimed at unlocking new financing opportunities and driving sustainable growth across the Caribbean. The agreement sets the stage for parallel financing and co-financing of projects in critical sectors such as climate resilience, renewable energy, resilient infrastructure,…
Read More »