The Caribbean Development Bank (CDB) continued to play a critical role in providing timely financial support for various regional initiatives and challenges that required its intervention through disbursements totaling a record US$390 million last year, reflecting the importance of its interventions in a region which was confronted with no shortage of challenges in the year that has just ended, according to its recent end-of-year (2023) media release.
The Bank’s release on its disbursements, however, pointedly asserted that it is aiming to disburse an even higher level of funding to countries in the region in support of their respective growth ambitions and their battles to fend off their respective and multi-faceted challenges. The particular challenges confronting the CDB in tackling the ongoing challenges within a largely impoverished region has occasioned the creation of a Special Development Fund (SDF), a pool of concessional resources that serves to tackle challenges associated with poverty, sustainable development, governance, capacity development, gender inequalities, environmental sustainability, climate change, disaster risk management, and regional cooperation and integration.
