Caribbean Development Bank - Page 3 of 4

CDB and New Energy Events join forces to launch regional Blue Economy summit
September 25, 2018
The Caribbean Development Bank has announced that it will co-host the inaugural Blue Economy Caribbean in Miami in November. The conference, which is organized by New Energy Events, is the first meeting designed to gather island and international leaders to explore the potential for the blue economy to transform regional economic development and conserve coastal […]
Suriname announces LED streetlight program, to be funded with $30m CDB loan
February 13, 2018
Suriname will embark on a project to replace its existing high pressure sodium streetlights with high efficiency light-emitting diode (LED) systems. The replacement of the approximately 40,000 streetlights is expected to reduce energy consumption and costs as well as associated greenhouse gas emissions. The Caribbean Development BAnk (CDB) approved a $30m loan to fund the […]
CDB’s $76m program for St. Kitts and Nevis to improve energy infrastructure
December 14, 2017
The Caribbean Development Bank (CDB) has announced a program of assistance of $76.2 million for St. Kitts and Nevis over the period 2017 to 2021. The Bank’s Board of Directors approved the new strategy, which will support economic and social development, environmental protection and infrastructure enhancement. The program is built on three pillars: environmental protection […]
EU provides 12m EUR to support Caribbean geothermal development
November 27, 2017
The EU will contribute 12m EUR to the Geothermal Risk Mitigation Programme for the Eastern Caribbean. Through this program, five countries are eligible to receive assistance for development of geothermal energy up to 60 MW, including: Dominica, Grenada, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines. The €12 million in grant funding […]
Grenada road upgrades to be examined with CDB funded study
November 2, 2017
Grenada’s roads that link rural communities, cities, and ports are in need of improvement, and a $1.2 million grant will fund a feasibility study for required upgrades. The Board of Directors of the Caribbean Development Bank (CDB) approved a grant of £930,000 (US$1.2 million) to the government of Grenada, to prepare a feasibility study and […]
Caribbean and China expand economic cooperation with MOU signing
July 17, 2017
The Caribbean Development Bank (CDB) and the Export-Import (EXIM) Bank of China have signed a memorandum of understanding (MOU) which will allow both parties to discuss opportunities for cooperation and coordination in CDB’s Borrowing Member Countries (BMCs). The MOU will allow both institutions to explore co-financing options, as well as coordinate development strategies, concepts and […]
CDB-EIB sign $110m financing package to support climate adaptation and mitigation projects in Caribbean
May 25, 2017
The European Investment Bank (EIB) and Caribbean Development Bank (CDB) have signed an agreement providing USD $110m low-cost financing to support investment projects in the Caribbean under CDB’s climate action policy. Eligible projects include investments in climate change mitigation, adaptation and resilience projects in renewable energy and energy efficiency, and infrastructure that reduces greenhouse gas […]
Small plant, big impact: Powering Anguilla with the sun
April 19, 2017
Each day as the sun bathes the 35.14 square miles of Anguilla, there is one spot where perhaps its rays are appreciated as more than just the signal of another beautiful day in paradise. The four-acre spot stands out from the surrounding topography. The green scrub has been removed and replaced with blue and silver […]
Antigua and Barbuda: £13.9m CDB funding for new roads
December 13, 2016
Antigua and Barbuda will be making a major infrastructure upgrade to two major roads with the assistance of the Caribbean Development Bank (CDB). The CDB approved a grant of £13.9 million to assist the country with the rehabilitation of two major roads, the Sir George Walter Highway and Friars Hill Road, which connect the capital of […]