Grenada will host the 48th Annual Meeting of the Board of Governors of the Caribbean Development Bank (CDB), which is scheduled to take place on May 30 and 31, 2018. The programme for this year’s Meeting will focus on resilience, against the backdrop of one of the most devastating hurricane seasons the Caribbean Region has experienced in recent history.
Approximately 400 delegates, including Government Ministers and officials, private sector representatives, members of civil society, academia, and media are expected to attend the Meeting. The event will highlight the impact of the Bank’s investments in its 19 borrowing member countries (BMCs). In addition, participants will take part in strategic discussions on resolving some of the Caribbean Region’s most pressing economic and social development issues.
“CDB thanks the Government of Grenada for agreeing to host the Bank’s 48th Annual Meeting. We look forward to working hand in hand with local officials on this flagship event. I am optimistic about the outcomes the Meeting will realise as our partners gather with a common goal to help this Region achieve resilience in all its forms,” said Dr. Wm. Warren Smith, President, CDB.
Following on from the successful staging of the CARICOM-UN High Level Pledging Conference at UN Headquarters in New York on 21 November 2017, the Steering Committee has continued to meet with renewed focus on translating pledges into concrete programmes and initiatives.
The Steering Committee, comprising representatives of the CARICOM Secretariat, United Nations Development Programme (UNDP), Regional Institutions and CARICOM Member States including those devastated by hurricanes Irma and Maria, held its most recent meeting on Tuesday 9 January 2018. The Committee is examining the option of a follow-up meeting to the Pledging Conference to map out actions to meet the objective of building a more climate resilient Community.
The Pledging Conference mobilized a broad partnership to support the rebuilding effort including through US1.3 billion in pledges and over US1 billion in loans and debt relief. This support came from nearly 400 high-level representatives from governments, multilateral and civil society organisations and businesses.
Irma and Maria – two category five hurricanes, hit the region during a two week period in September, decimating decades of development gains in Dominica, Barbuda – the sister island of Antigua, the British Virgin Islands and Anguilla. The Bahamas, Turks and Caicos Islands, St. Kitts and Nevis and Haiti also suffered damage. Other Caribbean Islands, notably St. Maarten, Cuba, Puerto Rico and the Dominica Republic were also significantly impacted.
BRIDGETOWN, Barbados, CMC – In 2017, the Caribbean felt the full brunt of climate change with a warning that current trends indicate that there will be no respite.
Within a two-week period, Hurricanes Irma and Maria brought home the reality of the impact of climate change as they churned their way across the Lesser Antilles destroying everything in their paths. Hurricane Harvey had in August set the stage for what was to come; with devastation in Houston, Texas, amounting to nearly US$200billion.
“The unprecedented nature of this climatic event highlights the unusual nature of weather patterns that continue to affect nations across the globe,” the Caribbean Community (CARICOM) Secretary General Irwin LaRocque said in a message to United States President Donald Trump, as Harvey made landfall in the United States after whipping up strong winds and heavy rains in the Caribbean.
It took less than a month for his statement to bear fruit. Hurricanes Irma and Maria, two Category 5 storms left so many Caribbean islands devastated in September that the CARICOM Chairman and Grenada’s Prime Minister Dr. Keith Mitchell said “there can be no question that for us in the Caribbean, climate change is an existential threat”. (more…)
(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) The more than US$2B pledged at the CARICOM-UN Conference for long-term recovery for hurricane-affected countries and the establishment of the regional renewable energy center are among the successes CARICOM recorded for 2017 in spite of the year’s challenges.
Caribbean Community (CARICOM) Secretary-General Ambassador Irwin LaRocque said in his End of Year Message that the Community was ending 2017 with several other noteworthy achievements, including a change in posture by International Financial Institutions and some Development Partners with respect to access to concessionary development financing.
“It is encouraging to note that our relentless advocacy with respect to the lack of access to concessional development financing appears to be bearing fruit. There is some re-thinking on this issue taking place at the level of the International Financial Institutions (IFIs) and some of our international development partners (IDPs),” the Secretary-General stated.
Adding that CARICOM will continue to advocate for this change he said the Region’s vulnerability to external shocks, which the hurricanes laid bare, emphasised the urgent need for the international community to dispense with GDP per capita as a primary criterion for access to concessional development financing. (more…)