The Caribbean Development Bank (CDB) and the United Kingdom Department for International Development (DFID), have signed an agreement which will add GBP30 million (mn) to the United Kingdom Caribbean Infrastructure Partnership Fund (UKCIF). The agreement was signed on the sidelines of CDB’s Board of Directors meeting on July 26, 2018.
The Caribbean Development Bank’s (CDB) 48th Annual Meeting has ended in Grenada, with Governors of the institution uniting around the event’s theme of resilience. CDB President, Dr. William Warren Smith, in his closing statement on May 31, urged delegates to mainstream resilience; leverage opportunities for blue economy growth; and build “smart partnerships” to meet the Region’s development objectives.
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May 30, 2018, ST. GEORGE'S, Grenada – The President of the Caribbean Development Bank (CDB), Dr. Wm. Warren Smith, is urging regional leaders and development partners to work collaboratively and proactively to address the Region’s vulnerabilities, and to support resilience-building in the energy, agriculture and air transport sectors.
Port-au-Prince, Haiti – The Barbados-based Caribbean Development Bank (CDB) will establish its first country office in the Republic of Haiti later this year. Minister of Foreign Affairs, His Excellency Antonio Rodrigue and the Bank’s Vice-President (Operations), Monica La Bennett, signed the Agreement on February 27, 2018 on the sidelines of the 29th Intersessional Meeting of the Conference of Heads of Government of the Caribbean Community in Haiti. La Bennett said that the signing of the Country Agreement further cements the strong partnership between CDB and the Republic of Haiti.
December 14, 2017, BRIDGETOWN, Barbados – The Board of Directors of the Caribbean Development Bank (CDB) has approved USD65.5 million in loans and grants to the Government of the British Virgin Islands to assist with the recovery, rehabilitation and reconstruction of social and economic infrastructure, resulting from the cumulative effects of recent severe weather events.
December 14, 2017, BRIDGETOWN, Barbados – The Caribbean Development Bank (CDB) is supporting the Government of Haiti in reducing poverty, building resilience, and achieving sustained economic growth for all. A new Country Strategy, approved by CDB’s Board of Directors today, proposes a programme of assistance of USD100 million for the period 2017 to 2021 to help Haiti meet its development priorities. This total includes USD45 million in grant resources.
December 12, 2017, PARIS – Recent hurricanes have left unprecedented devastation across the Caribbean and it is a traumatic time for all those who live in the region. Whole communities and towns have been decimated, and the global community needs to act quickly and give generously to relieve suffering and help to rebuild. Alongside the on-going emergency response, Caribbean leaders today announced the launch of a new public-private coalition to create the world's first "climate-smart zone".
Mexico and the Caribbean Development Bank (CDB) have approved a grant of USD14 million to CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility). CCRIF provides parametric insurance coverage for government risk to Caribbean and Central American countries. This form of insurance is designed to limit the financial impact of catastrophic natural events, such as hurricanes and earthquakes, by quickly providing short-term liquidity when a policy is triggered.
President of the Caribbean Development Bank (CDB), Dr. Wm. Warren Smith, on Tuesday welcomed the global community’s commitment to scale up support for climate risk management in the world’s most vulnerable countries. He was speaking during the United Nations Climate Change Conference (COP23) at a high-level event for leaders of international organisations, Ministers and insurance sector stakeholders.
The European Investment Bank (EIB) and the Caribbean Development Bank (CDB) have set up an emergency post-disaster reconstruction financing initiative to help the Region recover from recent hurricane events.
A delegation from the Caribbean Development Bank (CDB) has arrived at the United Nations Climate Change Conference (COP23) in Bonn, Germany. While at the event, which runs until November 17, the Bank will join other regional stakeholders in reiterating the urgent need for climate action and resilient recovery in the Caribbean. Against the backdrop of this year’s devastating hurricane season, CDB will also underscore its commitment to mobilising highly concessionary resources for regional countries to tackle the impacts of climate change.
The Government of Belize, with the support of the Caribbean Development Bank (CDB), is stepping up its climate change adaptation efforts. Belize’s Social Investment Fund (SIF), an implementing agency of the Government addressing the basic needs of the country’s most vulnerable, has set in motion plans to incorporate Climate Risk Management in its National Project Development Process.
September 22, 2017, BRIDGETOWN, Barbados – The Caribbean Development Bank (CDB) has offered a grant to the Commonwealth of Dominica following the passage of Hurricane Maria, and is fast-tracking a grant for the Caribbean Disaster Emergency Management Agency (CDEMA).
September 11, 2017, BRIDGETOWN, Barbados – The Caribbean Development Bank (CDB) has announced support for its Borrowing Member Countries (BMCs) affected by Hurricane Irma, and for the Caribbean Disaster Emergency Management Agency (CDEMA), which is coordinating the Region’s response to the affected states.
The European Investment Bank (EIB) and Caribbean Development Bank (CDB) have signed a USD 110 million financing agreement to support investment projects in the Caribbean under CDB’s climate action policy. The Climate Action Framework Loan II builds on the USD 65 million Climate Action Line of Credit (CALC) signed between EIB and CDB in 2011, and which supports nine projects in seven countries across the Caribbean. The EUR 100 million climate action initiative is the EIB’s biggest loan to the Caribbean.
Haiti, a Borrowing Member Country of the Caribbean Development Bank (CDB) is set to receive a payout of just over USD20 mn from CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) on the country’s tropical cyclone policy, following the passage of hurricane Matthew. CDB has paid Haiti’s catastrophe risk insurance premium to CCRIF since 2010.
This document is an update of the Sourcebook on the Integration of Natural Hazards into the Environmental Impact Assessment Process, hereinafter referred to as the Sourcebook (2004). The Sourcebook (2004) was developed as a collaborative effort between the Caribbean Development Bank (CDB) through its Disaster Mitigation Facility for the Caribbean (DMFC) and the Caribbean Community (CARICOM) Adapting to Climate Change in the Caribbean (ACCC) Project and published in 2004 by the Caribbean Development Bank.
Sharon Marshall, Ph.D.
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European Investment Bank:
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Nicoline van Slingelandt
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Tel: +33 153443750
We at the Caribbean Development Bank are deeply saddened by the news of the massive earthquake which our member country, Haiti, experienced on January 12, 2010. Our deepest sympathies go out to the Government and all residents of Haiti, as they struggle to cope with this major tragedy.
The effects of the earthquake on the people and economy are catastrophic, particularly at this time when significant progress was being made in overcoming longstanding development challenges facing the country.
The 2008 hurricane season was the fourth most active in terms of named storms (16) and major hurricanes (five) since 1944 when aircraft reconnaissance of tropical storms and hurricanes began. Other records were also broken: 2008 was the first Atlantic season to have a major hurricane (Category 3+) form in five consecutive months: July: Bertha, August: Gustav, September: Ike, October: Omar, November: Paloma. Four of these five major hurricanes directly impacted the Bank's Borrowing Member Countries (BMCs).
This high activity is related to several conditions including: