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CARICOM Chairman leads delegation to hurricane ravaged Dominica
CARICOM Chairman, Prime Minister Dr Keith Mitchell (2nd right) led a regional delegation to hurricane-ravaged Dominica on Tuesday, and met with Prime Minister Roosevelt Skerrit (right). The Chairman’s delegation included (from right) CARICOM Secretary-General Ambassador Irwin LaRocque, President of the Caribbean Development Bank (CDB) Dr. Warren Smith, Executive Director of the Regional Security System (RSS) Captain Errington Shurland, and Executive…
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Caribbean Seeks to Climate-Proof Tourism Industry
BRIDGETOWN, Barbados, Friday June 30, 2017 (IPS) – The tourism industry is the key economic driver and largest provider of jobs in the Caribbean after the public sector. Caribbean tourism broke new ground in 2016, surpassing 29 million arrivals for the first time and once again growing faster than the global average. Visitor expenditures also hit a new high, growing…
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CDB funds project to prevent loss of correspondent banking relationships
March 17, 2017, BRIDGETOWN, Barbados – The Board of Directors of the Caribbean Development Bank (CDB) has approved funding of US$250,000 to strengthen financial transparency, and assist in preventing the loss of correspondent banking relationships (CBRs) in the Region. In the Caribbean, CBRs facilitate a number of payment systems, including international trade, cross-border payments and receiving of remittances. Recently, some…
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CDB, IDB sign agreement to strengthen partnership
Washington, D.C. – The Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) have signed a memorandum of understanding (MOU) to strengthen their ongoing partnership in addressing the Caribbean’s development priorities. Through the MOU, signed at the IDB’s headquarters in Washington, D.C. on February 21, 2017, both institutions have renewed their commitment to collaborating on programmes and projects that contribute…
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CDB co-hosts Roundtable Discussion on Gender Equality with CARICOM, UN Women
On October 31, the Caribbean Development Bank (CDB) co-hosted a roundtable discussion in Barbados, “Partnerships for Gender Equality”, with UN Women and the Caribbean Community (CARICOM). The event was part of the agenda for UN Women Executive Director, Phumzile Mlambo-Ngcuka’s first visit to the Caribbean. The Roundtable took place at the United Nations House. Patricia McKenzie, Vice-President (Operations), CDB was…
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Towards clearer roadmaps for renewable energy in the Caribbean 17 NOV 2016
Head of the Renewable Energy/Energy Efficiency Unit (REEEU) at the Caribbean Development Bank (CDB), Tessa Williams-Robertson, has underscored the need for regional countries to strengthen their resource plans for projects in the renewable energy sector. Williams-Robertson was speaking on November 10, on the first day of a conference organized by the Barbados Renewable Energy Association entitled, Caribbean Sustainable Energy Independence:…
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UTECH Jamaica to house Caribbean Regional Procurement Centre
Professionalisation of public sector procurement in the Caribbean region has led to continually increasing demand for a cadre of highly skilled procurement professionals. Stronger procurement knowledge is needed to fulfil economic, government and private sector goals in the region, while ensuring more efficient use of scarce public resources in a region still burdened with debt following the recession of a…
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CDB Approves USD24.1 mn Education Project in Saint Lucia
The Board of Directors of the Caribbean Development Bank (CDB) has approved USD23.4 million (mn) in financing for a project, which aims to strengthen Saint Lucia’s education system to better address the needs of diverse learners. The Saint Lucia Education Quality Improvement Project (EQuIP) will support the enhancement of mechanisms and capacity for improved planning, leadership and delivery of education…
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CARICOM Deepens Regional Partnerships to Address De-risking
ST. JOHN’S, Antigua, Saturday September 17, 2016 – The Caribbean Community (CARICOM) has deepened its partnerships within the region in order to strengthen its efforts to address the withdrawal of correspondent banking services from some regional institutions. Prime Minister of Antigua and Barbuda Gaston Browne, who is leading CARICOM’s advocacy on the matter, recently met with the heads of the Caribbean…
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