cdb
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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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CDB funds workshop to improve service delivery in the tourism industry
BRIDGETOWN, Barbados — For many countries in the Caribbean, a successful tourism industry is critical to social and economic growth and development. However, an increasingly competitive global tourism market has meant that Caribbean countries must find ways to differentiate themselves, in order to continue to attract visitors. One way to do this is to improve the level of service delivery…
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US$33M to finance climate change resilient infrastructure in Caribbean
BRIDGETOWN, Barbados – Officials from the Caribbean Development Bank (CDB) and the Agence Française de Développement (AFD) have signed an agreement to provide US$33,000,000 towards financing sustainable infrastructure projects in the Caribbean region. At least 50 per cent of the funds will be used to fund climate change adaptation and mitigation projects. The agreement was signed last month at the CDB…
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Towards a new policy to shape the future of education in the Caribbean
When the Caribbean Development Bank (CDB) launches its new Education and Training Policy and Strategy later in 2016, it will have had the input of some of the Caribbean Region’s key stakeholders. The Bank has undertaken a consultative process to ensure that the document, which will guide its funding and support for education and training in the Region, is aligned…
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