CDB

CDB approves funding for a more climate-resilient Caribbean transport sector

August 10, 2016

The Caribbean Development Bank (CDB) will provide US$768,000 in funding to address damage to Caribbean road networks, caused by natural hazards. Financing will enable a study on approaches for constructing road infrastructures that are more resilient to the effects of climate change. CDB director of projects, Daniel Best, noted that agencies of the bank’s borrowing […]

St. Lucia: LED lighting to cut government spending on electricity by a third

June 2, 2016

The installation of LED bulbs in street lamps is expected to cut government spending on electricity by one third annually. Savings will total $6 million per year. The board of directors of the Caribbean Development Bank approved $9.5 million in funds for the project. Saint Lucia’s Energy Minister, Hon. Dr. James Fletcher, stated that the […]

CDB loans Anguilla funds for renewables

May 18, 2016

The Government of Anguilla is implementing a strategy to improve economic stability in the country over the next four years. A new partnership with the Caribbean Development Bank (CDB) will provide US$35.3 million to achieve four key outcomes: improved banking system stability, a better environment for business and investment, upgrades to transport infrastructure and increased […]

Caribbean lagging in shift to renewable energy, says CDB

March 19, 2016

In a lecture titled ‘Regulating Utilities in Small Island Developing States – Lessons for the Caribbean,’ Dr. Warren Smith, President of the Caribbean Development Bank (CDB) said that the Caribbean is slow in its shift towards renewable energy. While there are regional targets to source 20% of energy from renewables by 2017 and 28% by 2022, the […]

Geothermal is the key to lower electricity prices in the Caribbean, says CDB

January 23, 2016

In a recent interview, Warren Smith, President of the Caribbean Development Bank and CREF Speaker, said that “geothermal is the key to cheaper electricity” in the Caribbean. Caribbean islands have great geothermal potential that could help islands to transition away from dependency on foreign oil and volatile pricing, while developing a reliable and clean energy source. […]

IDB and CDB Sign Sustainable Energy Facility (SEF) for the Eastern Caribbean at CREF 2015

October 20, 2015

SEF will fund renewable energy, including geothermal power, energy efficiency, and institutional capacity projects in six Eastern Caribbean countries The Sustainable Energy Facility for the Eastern Caribbean; a US$71.5 million loan and grant package approved by the Inter-American Development Bank (IDB) and the Caribbean Development Bank (CDB); was today signed by Presidents Alberto Moreno of […]

CDB commits US$120 million to Caribbean Renewable Energy Fund

August 10, 2015

Following the IDB’s pledge of $600 million for a Caribbean Renewable Energy Fund, the Caribbean Development Bank (CDB) has pledged an additional $120 million. CDB President Warren Smith wrote that, “the existence of a multi-donor facility will allow participating donors to leverage the resources they have available to support this transformation.”