Finance
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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…
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Key Outcomes and Agreements | Fiftieth Regular Meeting of the Conference of CARICOM Heads of Government | 24-27 February 2026
The Fiftieth Regular Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) was convened in Basseterre, St. Kitts and Nevis, from 24 to 27 February 2026. The Meeting was presided over by the Honourable Dr Terrance Drew, Prime Minister of St. Kitts and Nevis, in his capacity as Chairman of the Conference. Here are some highlights…
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CARICOM Secretary-General Highlights Importance of Strong Public Financial Management at SPEM Certification Ceremony
“For small developing states, sustainability and resilience are two sides of the same coin. Extreme weather events, global economic downturns, and sudden disruptions can quickly overwhelm our fragile economic systems. Effective financial management allows governments to build fiscal buffers, mobilise domestic financing more effectively, and channel emergency funding where it is needed most, and to do so quickly and with…
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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)…
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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…
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CARIFESTA XV Ignites the Creative and Entrepreneurial Spirit across the Caribbean
CARIFESTA XV is more than a celebration of Caribbean culture. It is a powerful catalyst for economic prosperity and creative resilience. In an exchange with CARICOM Secretariat Communications Manager Dike Noel, Secretary-General Dr Carla Barnett affirms the festival’s vital role in shaping a brighter future for Caribbean entrepreneurs. “CARIFESTA creates lasting opportunities that empower entrepreneurs and contribute to their long-term…
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Barbados, Jamaica removed from EU list of high-risk jurisdictions
Barbados and Jamaica are among countries that have been removed from the European Union’s list of high-risk jurisdictions in the fight against international financial crimes. The European Parliament on Wednesday delisted the two CARICOM Member States and several other countries. The European Commission had updated its list of jurisdictions last month. The list takes the legal form of a delegated…
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Caribbean Development Bank Appoints Daniel Best as its Seventh President
The Board of Governors of the Caribbean Development Bank (CDB) announces the election of Mr. Daniel Best, a native of Barbados, as the seventh President of the institution. This decision, reached (Wednesday), underscores the Bank’s commitment to visionary leadership and sustainable development across the Caribbean region. Mr. Best brings a wealth of experience and a deep understanding of the region’s…
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Keynote Address by Dr. Armstrong Alexis, Deputy Secretary-General, CARICOM | Caribbean Association of Banks Inc. Annual General Meeting and Conference | Bridgetown, Barbados | 24 October 2024
“I leave with you, one key message which I hope will inspire you, and that is we, CARICOM people and institutions, have the means to secure a bright future for our Region and its citizens. Our initiatives hold the potential to transform the financial landscape in CARICOM Member States and help to secure the foundations for building out a resilient…
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Saint Lucia approves incentives for 20 new tourism projects – CARICOM Business
The St. Lucia government says it is anticipating investment in the tourism industry to surpass EC$320 million as a result of negotiations with various investors during the first 8 months of this year. “Investors are showing a high level of confidence and interest in St Lucia’s economic prospects. This is evident by the level of tourism investments which have been…
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