Caribbean Development Bank - Page 2 of 4

Undersea cables to provide clean and reliable electricity to Caribbean island
June 5, 2019
Caye Caulker island will be connected to Belize’s national electricity grid using submarine cables. This system will be allow the island to have access to stable electricity from renewable sources. The project will be financed by the Caribbean Development Bank through a USD 6.8 million loan, which was approved yesterday by the CDB’s Board of […]
Jamaica’s commitment to its Blue Economy continues to grow
June 4, 2019
Caribbean Development Bank officials have described Jamaica’s Junior Market as a model for financing Blue Economy. Jamaica’s Junior Stock Exchange, said Dr. Justin Ram, Director of Economics at the CDB, is a “blueprint” for countries in the Caribbean wishing to support their blue economy by raising capital through the stock market. A blended finance approach, […]
2nd Blue Economy Caribbean aims to spur action in the region
April 9, 2019
The Caribbean Development Bank and New Energy Events have partnered once again to present Blue Economy Caribbean 2019 (BEC 2019). After making the case for the Blue Economy with BEC 2018, this year’s conference will focus on developing policy and funding tools to catalyze BE projects across the region. Featuring government officials, industry leaders, and […]
Grant approved for capacity-building projects in Eastern Caribbean
April 1, 2019
The Caribbean Development Bank will support the Member States of the Organisation of Eastern Caribbean States (OECS) through financing of capacity-building projects against climate change, a press release announced last week. The German International Development Agency (GIZ)’s grant of approximately €250,000 was approved for the initiative. “The grant from GIZ will help our Borrowing Member […]
Dominica to start construction on geothermal project in Q3 2019
January 3, 2019
The Government of Dominica has announced its goal to start construction of a geothermal power plant before the end of this year. The project, located in the Roseau Valley and just outside the island’s capital city, is funded by the IDB and the Caribbean Development Bank, with support from the World Bank. In March 2018, […]
Eastern Caribbean to receive financing for geothermal
December 20, 2018
The Inter-American Development Bank (IDB) and the Caribbean Development Bank (CDB) will provide over USD 85 million for geothermal development in the Eastern Caribbean. This latest financing is an expansion of the Sustainable Energy Facility programme, under which the two lenders provided a USD 71.5 million loan and grant package for the development of renewable […]
New financing source for climate-related projects in the Caribbean secured
November 19, 2018
The Green Climate Fund (GCF) and the Caribbean Development Bank (CDB) have signed a legal agreement to facilitate climate finance projects in the Caribbean. The Accreditation Master Agreement (AMA) was signed on the sidelines of the GCF’s Caribbean Structured Dialogue which took place in Grenada earlier this month. The meeting brought together stakeholders to plan […]
CDB will supply funding for energy project in Dominica
November 5, 2018
The Caribbean Development Bank (CDB) announced it would be supporting Dominica in its aim to reduce energy costs and incorporate renewable energy and efficiency solutions in the country’s public sector. The programme’s first step will include conducting energy audits on public buildings and facilities. The long-term goal is to provide blended resources to address energy […]
CDB announces USD 106m programme for Bahamas, funding opportunities for individual clean energy projects
October 29, 2018
The Caribbean Development Bank (CDB) has announced it would provide USD 106.5 million to the Bahamas as part of a programme to achieve its medium-term development objectives. Dr. Justin Ram, Director of Economics at the CDB, announced the areas of focus, considered “critical to inclusive growth”, will be “provision of quality climate resilient infrastructure, energy […]