cdb
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CDB Approves USD 5 Million Grant to Improve Access to Electricity in Rural Haiti
“This initiative is both critical and timely, given the importance of electricity in improving lives and livelihoods. It is well-positioned to benefit rural populations, support CDB’s mission to provide affordable, clean, sustainable, reliable, and renewable energy to our client countries, and contribute to the broader goal of promoting sustainable development and climate resilience in the Region.” CDB Sustainable Energy Specialist,…
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Message of Condolence from the Caribbean Community (CARICOM) on the passing of Sir Neville Nicholls
The Caribbean Community (CARICOM) is profoundly saddened at the passing of former President of the Caribbean Development Bank (CDB), Sir Neville Nicholls. Sir Neville served the CDB with distinction in progressively critical roles from 1971 until his retirement in 2001. As President, he led the Bank for three terms with vision, wisdom and a deep understanding of the Region’s socio-economic…
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CARICOM Secretary-General pays First Official Visit to Caribbean Development Bank
December 3, 2021, BRIDGETOWN, Barbados – Secretary General of the Caribbean Community, Dr Carla Barnett paid her first official visit today to the Caribbean Development Bank since her appointment last August. The visit to the Bank’s headquarters was a return to familiar ground for the Secretary General, who previously served as Country Economist at CDB between 1989 to 1990 and…
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Dr. Gene Leon takes office as CDB President
Dr Hyginus ‘Gene’ Leon today took office as President of the Caribbean Development Bank (CDB), becoming the sixth chief executive of the regional multilateral institution. The seasoned economist will lead a team of more than 200 employees headquartered in Bridgetown, Barbados. He comes to the assignment with 35 years of experience in economics, financial policy development and executive management, more than…
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CDB, EU, CROSQ Enabling Greater Market Access
(Caribbean Development Bank Press Release) Export-oriented businesses in Barbados, Dominica, and St Kitts and Nevis will be offered globally standardised testing at domestic laboratories as early as next year, says Daniel Best, Director, Projects Department at the the Caribbean Development Bank (CDB). The Bank has partnered with the European Union (EU) and the CARICOM Regional Organisation for Standards and Quality (CROSQ) to upgrade…
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COVID-19Critical Personal Protective Equipment Procured for Caribbean Frontline Medical Workers
(Caribbean Development Bank, July 23, 2020, BRIDGETOWN, Barbados) – Critically needed personal protective equipment (PPE) is on its way to medical workers on the front lines of the Caribbean’s COVID-19 pandemic response. Yesterday, the Caribbean Development Bank (CDB) and the Caribbean Disaster Emergency Management Agency (CDEMA) took delivery of the majority of US$3 million worth of PPE at the Port of…
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CDB, IDB sign agreement to support economic development in CARICOM
BRIDGETOWN, Barbados (CMC) — The Barbados-based Caribbean Development Bank (CDB) on Monday signed an agreement with the Inter-American Development Bank (IDB) to support economic development and integration of the Caribbean Community (Caricom). “Today’s signing ceremony is a re-affirmation of CDB and IDB’s shared commitment to the sustainable growth and development of the Caribbean Region. It signals that we have reached…
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COVID-19CDB makes US$140M available to counter COVID-19 pandemic, other disasters
(Caribbean Development Bank Press Release) The Board of Directors of the Caribbean Development Bank (CDB) met this week and approved up to US$140 million to be used by the Bank’s Borrowing Member Countries to tackle the fallout of the COVID-19 pandemic and other shocks to their economy. “The economic and social shock of the COVID-19 pandemic will likely be severe…
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CARICOM Development Fund To Be Restructured
(Barbados Government Information Service) So serious are the issues facing the region that its leaders have decided to restructure the CARICOM Development Fund to enable it to raise additional monies from individuals, companies, institutions, regional countries and extra regional countries. CARICOM Chair, Prime Minister Mia Amor Mottley, made this announcement on Wednesday, during a press conference on the final day…
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CDB Pushing TVET Lending
(Jamaica Gleaner) With youth unemployment still a major social concern facing the region, the Caribbean Development Bank (CDB) has strategically been lending money to countries to set up technical and vocational education and training (TVET) centres in an effort to build workforce capacity. The average unemployment rate across Latin America and the Caribbean stood at approximately 17.9 per cent in 2018,…
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