The Caribbean Develop-ment Bank (CDB) is in the process of developing its 2015-2019 Strategic Plan with broad-based focus being placed on economic development with minimal environmental impact and increased private sector participation.
These two initiatives tie into CDB President Dr Warren Smith’s emphasis on a “full frontal attack” on high energy costs in an address to the opening of the annual CDB Board of Governors meeting in Georgetown on Wednes-day. Addressing a closing press conference on Thurs-day at the International Conference Centre at Liliendaal, Smith however supplied no details on any agreed measures to tackle high energy costs in the Caribbean.
During the press conference held after the closing ceremony of the 44th Annual Meeting of the CDB Board, Smith stated that the current generator plants in the region were approaching a state where operational standards would be challenged. He stated that apart from making the move to cheaper energy sources there was the opportunity to renew the current plants that
