November 15, 2019

St. Kitts-Nevis’ Stellar economic performance comes to the fore at CDB’s Annual Governors Meeting

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Prime Minister and Minister of Finance of St. Kitts and Nevis, Dr. the Honourable Timothy Harris is attending the Caribbean Development Bank’s 49th Annual Meeting of its Board of Governors, at which economic transformation is a major theme. The meeting, being held in Port of Spain, Trinidad and Tobago, featured a stirring address at Wednesday’s (June […]

Accelerating Caribbean Fashion

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Bridgetown, BARBADOS, May 15, 2019. Caribbean fashion and contemporary designers are getting a boost to help them penetrate the international market, through an accelerator programme jointly funded by the Caribbean Export Development Agency (Caribbean Export) in cooperation with the European Union and the Caribbean Development Bank (CDB). The Bank’s funding is through its Cultural and […]

CDB pays tribute to ‘true Caribbean son’ Sir Alister McIntyre, OCC

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The following is a statement from Caribbean Development Bank President Dr. Wm. Warren Smith on the passing of Sir Alister McIntyre. The Caribbean Development Bank joins the wider regional community in mourning the loss of Sir Alister McIntyre, OCC, a Caribbean statesman, a scholar, a true Caribbean son. Though we mourn his passing, we celebrate […]

Germany, CDB to build capacity for climate change projects in the Eastern Caribbean

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from Caribbean News Now BRIDGETOWN, Barbados – The Caribbean Development Bank (CDB) is supporting member states of the Organisation of Eastern Caribbean States (OECS) in their efforts to build capacity to develop robust climate change projects for financing. The bank’s board of directors has approved a grant from the German international development agency, Deutsche Gesellschaft […]

CDB to improve climate resilience in Sandy Bay, St Vincent

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From Caribbean News Now BRIDGETOWN, Barbados – The board of directors of the Caribbean Development Bank (CDB) has approved financing of USD13.4 million to the government of St Vincent and the Grenadines to enhance the resilience of the Sandy Bay and other North Windward communities to coastal hazards and the potential impacts of climate change. […]

Grenada still fastest growing economy in Caribbean, reports CDB

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CANA From tv6tnt The medium-term outlook for Grenada is positive and for 2019, the Caribbean Development Bank (CDB) is projecting ts economic growth of 4.5 per cent, with similar outcomes expected over the medium term. The CDB said construction, tourism, agriculture and private education sectors will also drive performance, noting that in terms of construction, […]

CDB says economic outlook for the region is “Positive”

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From Jamaica Gleaner BRIDGETOWN, Barbados, CMC – The Caribbean Development Bank (CDB) says despite projections of deceleration in global economic activity, the 2019 economic outlook for its borrowing member countries (BMC) is positive. “CDB is projecting that real GDP (gross domestic product) growth will be 2.1 per cent, as construction, tourism, and the extractive industries, such as […]

LIAT to implement CDB restructuring plan or face ‘death’

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From Dominica News Online Shareholders of the Leeward Island Air Transport (LIAT) have agreed that the airline is at the crossroads and it cannot survive without the restructuring plan designed by the Caribbean Development Bank. Shareholder governments held an emergency meeting in St. Vincent over the weekend to formulate ways to further assist the struggling […]

CDB increases disbursements by 20 percent in 2018

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From Caribbean News Now BRIDGETOWN, Barbados — The Caribbean Development Bank (CDB) disbursed a record US$280 million in project funding to its borrowing member countries (BMCs) in 2018, a 20 percent increase compared with 2017. The bank disbursed US$233 million in 2017 and US$206 million in 2016. Speaking at CDB’s annual news conference, the bank’s […]

CARICOM fine-tuning financing mechanisms for Cultural Industries

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As the Caribbean Community (CARICOM) continues to create the enabling environment for Cultural Industries to thrive, people involved in the creation, production, and distribution of cultural products could soon access additional sources of financing. Dr. Hilary Brown, Programme Manager for Culture and Community Development within the Directorate of Human and Social Development in the CARICOM […]