CDB on a mission to replenish its coffers to alleviate critical regional needs

Caribbean Development Bank 305th Meeting of the Board of Directors

With the Caribbean as a whole, still plagued by both short and long-term problems which, in the instances of several countries, continue to seriously retard their socio-economic development, the Caribbean Development Bank (CDB) has tagged as one of its highest current priorities the replenishment of its Special Development Fund (SDF) to allow for continuity to enable the alleviation of some of the region’s more acute socio-economic challenges.  The disclosure regarding the Bank’s search for resources with which to sustain its critical support programme to respond to the socio-economic challenges facing the Caribbean was made public just over a week ago even as the need for emergency action of one kind or another to be applied to such challenges confronting some Caribbean countries becomes increasingly critical. The Bank’s SDF is an integral element of its overall poverty reduction and sustainable development undertaking for the Caribbean.