Brazil joins the Caribbean Development Bank

The Federative Republic of Brazil is the newest member country of the Caribbean Development Bank (CDB), signalling that country’s commitment to sustainable development of the Region. This became effective on December 31, 2015, following a process that began with Brazil’s application to membership in 2007 and its acceptance by the CDB Board of Governors in 2008.

Brazil is CDB’s 28th member, and the fourth non-borrowing regional member, joining Colombia, Mexico and Venezuela in that category.

Caribbean economies in ‘recovery mode’ – CDB

BRIDGETOWN, Barbados, CMC – The economies of Caribbean countries are in a “recovery mode” even though it is still operating in a “somewhat topsy-turvy external environment,” the president of the Barbados-based Caribbean Development Bank (CDB), Dr. William Warren Smith said Wednesday.

Delivering the annual report on the current state of Caribbean economies, Smith said though he remains “guardedly optimistic about 2016.

CDB hosts ‘Conversation’ on gender socialisation

Gender stereotypes can be imposed on children from infancy, and therefore, the process of dispelling them must start in the early childhood years of development. This was a central message as the Caribbean Development Bank (CDB) hosted a Conversation on Gender Socialisation and Early Childhood Development (ECD), entitled ‘Teaching Them’, at its headquarters in Barbados on Friday January 15, 2016.

CDB signs agreement with IDB to secure USD 71.5M sustainable energy programme for Eastern Caribbean

MIAMI, FLORIDA October 20, 2015 – More funding has been put in place to facilitate the growth of the renewable energy sector in the Eastern Caribbean.
            The Sustainable Energy Facility for the Eastern Caribbean; a  USD 71.5 million loan and grant package was today signed by  Dr. William Warren Smith, President of the Caribbean Development Bank  (CDB) and Luis Alberto Moreno of the Inter-American Development Bank (IDB).

CDB approves USD 10 million policy based loan to Grenada

BRIDGETOWN, Barbados – October 15, 2015 – The Board of Directors of the Caribbean Development Bank has approved the provision of a USD10 million loan to the Government of Grenada, to support reforms to stabilize the economy and pave the way for sustainable growth. This is the second of three Policy-Based Loans (PBLs) that have been proposed for Grenada to support that Government’s 36 month “Home grown” adjustment programme to restore fiscal and debt sustainability, improve competitiveness and promote sustainable growth.