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CDB's 2021 Operations Highlights

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CDB's 2021 Operations Highlights

  1. 1. 2022 PROPELLING GROWTH AND DEVELOPMENT Mr. Daniel Best, Director, Projects Department
  2. 2. USD 122.6 million Worth of projects approved in 2021
  3. 3. The second year of the Covid-19 pandemic saw our response underpinned by flexibility and dexterity. “ “
  4. 4. Building Partnerships to build our BMCs
  5. 5. Our COVID-19 Response Together with IADB, made USD 50 million in funding available for eligible health, education, social protection and economic projects.
  6. 6. Our COVID-19 Response Partnering with the EIB to provide EUR 30mn to BMCs for health-related emergency expenditure, including the purchase of vaccines, and efforts to limit the spread of the virus.
  7. 7. COVID-19 Response & BUSINESS Together with the Caribbean Export Development Agency, awarded USD 887,380 in grants to 61 MSMEs affected by COVID 19.
  8. 8. COVID-19 Response & EDUCATION Let’s REAP: Regional Learning Recovery and Enhancement Programme – a roadmap outlining the optimal approach to address COVID-19 learning losses.
  9. 9. Our Emergency Response Provided USD300,000 and a further USD5 million as an Immediate Response Loan to support St Vincent and the Grenadines’ recovery Following the explosion of La Soufriere,
  10. 10. We recognise that we must deliver long- term solutions to reducing systemic and multi-faceted risks posed by the vulnerabilities that characterise our Region. “ “
  11. 11. PRIVATE SECTOR Approved 12 grants valued at over USD 3mn aimed at enhancing the trading environment. USD 204,655 to the Caribbean Climate Change Innovation Centre to help entrepreneurs develop cleantech ideas. USD 10.3 million line of credit provided to Dominica Aid Bank to offer MSMEs working capital and production-oriented finance. USD 10 million provided to Trinidad and Tobago’s Development Finance Ltd (DFL) for onlending to SMEs Beyond COVID-19
  12. 12. EDUCATION Construction of Science and Technology Block at Dr. JP Eustace Memorial Secondary School, St. Vincent, benefiting 500 students. Ongoing: Construction of Automotive Workshop at Campden Park Technical Institute in St. Vincent, will allow over 40 students to pursue CVQ Level I and 2 automotive programmes. 30 Science and TVET workshops upgraded and equipped in six of eight secondary schools in St. Kitts and Nevis. Beyond COVID-19
  13. 13. Success Story Greater diversification of CVQ programmes has allowed schools in St. Kitts and Nevis to bring drop-out rates down - from 37% for boys and 23% for girls at start to 6% and 4% respectively currently.
  14. 14. CITIZEN SECURITY 14,501 at-risk youth directly reached by Youth and Community Transformation (YCT) project and Youth Resilience and Inclusive Social Empowerment (RISE) projects in Belize. Lake Independence Resource opened in Southside, Belize, supporting ongoing programmes in self-esteem, conflict resolution, anger management and independent life skills for at-risk youth. Beyond COVID-19
  15. 15. 2000 households in Dennery North, Saint Lucia benefiting from safe water supply through project funded with USD11.3 million loan and grant. USD40.3 million for Grantley Adams International Airport Pavement Rehabilitation and Expansion Project in Barbados 298 persons trained in photovoltaic installation and electrical inspection GAIA project upgraded and expanded 300,000 m2 of pavements. Reduced energy consumption by 12MWh per month with the installation of energy-efficient lighting. INFRASTRUCTURE Beyond COVID-19
  16. 16. USD 20 million 550 Small farmers benefitting from an agriculture project providing improved irrigation and drainage infrastructure on approximately 225 hectares of land Disbursed in 2021 by CDB 90,000 health kits provided to students Quality Enhancement in Public Education Project HAITI
  17. 17. Looking ahead to 2022 Supporting digital transformation of education systems Training 600 educators in gender-responsive teaching skills required to support student learning in a distributed environment. Significantly expand our engagement with the private sector focusing on the development of innovative and responsive financing solutions
  18. 18. Looking ahead to 2022 Mobilise up to USD150 million in concessional climate finance through programmes and projects financed from the Green Climate Fund. Launch of Caribbean Action for Resilience Enhancement (CARE) Programme, a EUR 14 million, five-year initiative providing grant financing to reduce impacts of climate change and disasters Launch another round of Country Gender Assessments and continue to support prevalence studies on gender-based violence in the Caribbean.

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