News
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CDB’s Board of Governors Meeting ends with pledge to fight poverty more creatively
The continuing impact of poverty and high unemployment on the Region emerged as one of the key areas of concern for Governors of the Caribbean Development Bank (CDB) who wrapped up the 45th Annual Meeting of their Board today. This was disclosed by President of the Bank, Dr. Warren Smith, as he gave the customary report on the meeting’s deliberations…
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Jamaica assumes Chair of CDB Board of Governors 2015-2016
[SKN] Jamaica assumed the chairmanship of the Caribbean Development Bank’s Board of Governors today as the 45th Annual Meeting of the Bank’s Board ended in Basseterre, St. Kitts. The CDB’s 46th Annual Meeting is set for May next year in Jamaica. Representing Jamaica is Dr the Honourable Peter Phillips, Minister of Finance and Planning. Mexico and the UK are Vice Chair,…
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CDB President reiterates call for cooperation compact with international community
BASSETERRE, St. Kitts – CMC – The board of governors of the Barbados-based Caribbean Development Bank (CDB) began a two-day meeting here on Wednesday reiterating a call for the establishment of a broad-based “Compact of Co-Operation” between Caribbean countries and the wider international community. CDB President Dr. William Warren Smith told the meeting that such a cooperation, which he first articulated in…
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Sol Petroleum makes significant investments in Jamaica’s youth
Sol Petroleum, the newest entrant to Jamaica’s petroleum energy industry has made a huge investment in the country’s youth. The investment comes in the form of the company’s Sol Scholarship programme, which awards students with academic scholarships to attend any of the University of the West Indies’ four campuses (Cave Hill, Mona, St. Augustine and Open Campus). Through the Sol…
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Barbados Internet Exchange established
BRIDGETOWN, Barbados, Thursday May 21, 2015 – Three local Internet Service Providers (ISPs) have signed a Memorandum of Understanding to establish the Barbados Internet Exchange (BARIX). Representatives of Cable and Wireless (Barbados) Limited, Digicel (Barbados) Limited and Columbus Barbados were all signatories to the document. Minister responsible for Telecommunications, Senator Darcy Boyce congratulated the companies on reaching consensus on the…
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Caribbean Development Bank suggests overhaul of regional airline industry
BASSETERRE, St Kitts, Thursday May 21, 2015 – A study commissioned by the Caribbean Development Bank (CDB) has recommended a major rethink of the regional airline industry and the setting up of a CARICOM Airlines Association to identify opportunities to reduce costs, create greater synergies and earn more revenue. It has also proposed the creation of an Air Transport Reform…
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IMF approves almost $70 million for Haiti as earthquake recovery continues
WASHINGTON, United States, Thursday May 21, 2015 – The Executive Board of the International Monetary Fund (IMF) has approved a US$69.7 million three-year aid programme for Haiti to help its continued recovery from a devastating earthquake that claimed a quarter million lives five years ago. About US$10 million has already been disbursed under the Extended Credit Facility (ECF) while the remainder…
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CDB study proposes multi-pronged thrust to cut high regional youth unemployment
A new Caribbean Development Bank (CDB) study has proposed a comprehensive, multi-sectoral approach to tackle chronic youth unemployment in regional territories. The Study is entitled “Youth are our Future: The Imperative of Youth Employment for Sustainable Development.” The study, which was presented today at the 45th Annual General Meeting of the CDB’s Board of Governors in St Kitts and Nevis,…
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Focus more on TVET in schools – CDB study
[SKN] Specific challenges of giving youth the right training and tools for the labour market were examined in a Caribbean Development Bank (CDB) study presented today at a seminar at the 45th Annual General Meeting of the CDB’s Board of Governors in St Kitts and Nevis, May 20-21. The report, entitled “Youth are the Future, the Imperative of Youth Employment…
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St Kitts PM calls for more integrated approach to region’s challenges
[Basseterre, St. Kitts & Nevis] Chairman of the Board of Governors of the Caribbean Development Bank, Dr. Timothy Harris, Prime Minister of St. Kitts and Nevis, has suggested that Caribbean countries should take a fresh look at a more integrated approach to tackling the region’s development challenges. Speaking at the opening ceremony of the 45th Annual Meeting of the Board…
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