CDB helping Member Countries to build resilience to natural hazards

Protecting the Region from climate change impacts remains a priority for the Caribbean Development Bank. Through investments and partnerships, CDB is helping its Borrowing Member Countries build resilience to natural hazards and protect development gains in a range of sectors, including tourism, infrastructure, agriculture and renewable energy and energy efficiency.

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COMMUNIQUÉ – 29th Intersessional Meeting of the Conference of Heads of Government of CARICOM




26-27 February, 2018,

Port-au-Prince, Haiti


The Twenty-Ninth Inter-Sessional Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) was held at Port-au-Prince, Haiti, on 26-27 February, 2018.  The President of Haiti, His Excellency Jovenel Moïse, Chaired the proceedings.

Other Members of the Conference in attendance were Prime Minister of The Bahamas, Honourable Dr. Hubert Minnis; Prime Minister of Barbados, Rt. Honourable Freundel Stuart; Prime Minister of Grenada, Dr. the Rt. Honourable Keith Mitchell; Prime Minister of Jamaica, the Most Honourable Andrew Holness; Prime Minister of Saint Lucia, Honourable Allen Chastanet; Prime Minister of St. Vincent and the Grenadines, Dr. the Honourable Ralph Gonsalves; and Prime Minister of Trinidad and Tobago, Dr. the Honourable Keith Rowley.

Antigua and Barbuda was represented by His Excellency Ambassador Colin Murdoch; Belize was represented by Senator the Honourable Michael Peyrefitte, Attorney General; Dominica was represented by the Honourable Francine Baron, Minister of Foreign Affairs; Guyana was represented by His Excellency Vice President Carl Greenidge; Montserrat was represented by the Honourable Delmaude Ryan, Deputy Premier and Minister of Education, Health, Youth Affairs, Sports and Social Services; St Kitts and Nevis was represented by the Honourable Vance Amory, Senior Minister; Suriname was represented by His Excellency Vice-President, Michael Ashwin Adhin.

Associate Members in attendance were British Virgin Islands represented by Dr. the Hon Kedrick Pickering, Deputy Premier; the Turks and Caicos Islands represented by Hon. Sean Astwood, Deputy Premier.

Read the full COMMUNIQUE


CARICOM leaders agree on counter-terrorism strategy

PORT AU PRINCE, Haiti, Feb 28, CMC – Caribbean Community (CARICOM) leaders have adopted a regional counter-terrorism strategy at their inter-sessional summit that ended here on Tuesday.

The leaders also agreed that the member countries would table in their respective parliaments the legislation by July 4, this year to support the strategy and that an effective monitoring and evaluation process should be put in place to determine the region’s success in addressing this critical matter.

The strategy was developed by the Trinidad-based Implementation Agency for Crime and Security (IMPACS) which, in consultation with its stakeholders and regional and international partners, will review the document biennially to consider updating it to respond to the evolving terrorism landscape.

The summit also agreed that all member states should enact legislation related to the Advance Cargo Information System (ACIS) and Advanced Passenger Information System (APIS) to assist counter-terrorism efforts, among other security matters, and to share information on crime and violence among themselves in a more consistent manner.



Helping musicians in Caribbean cash in on global multi-billion dollar industry

February 28, 2018, BRIDGETOWN, Barbados – Streaming services, some with up to 140 million users worldwide, have revolutionised the business of music. Yet despite the earning potential these services present for industry practitioners – writers, publishers, performers and producers—the Caribbean Region has been slow to cash in.

Aiming to better help music industry professionals take advantage of this boom, the Caribbean Development Bank (CDB), in July 2016, commissioned a feasibility study and action plan for the digitalisation of Caribbean music, to enhance understanding of its effect on the music industry.

A team of Regional and international consultants met on February 21 and 22 in Barbados with industry insiders to present the study’s key findings, and discuss how best to develop and expand the Caribbean’s music industry. The two-day session, which also included a training component, focused primarily on digital and live music, and included discussions on mainstreaming participation in the industry by women. Overall, the number of women participating is low, and their roles are often limited to lower earning opportunities, such as performing.

 “We need more women in publishing and producing,” said industry expert Erica Smith, one of the regional consultants who presented at the two-day workshop.

Caribbean Development Bank
The Caribbean Development Bank (CDB), is a regional financial institution which was established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, and entered into force on January 26, 1970. The Bank came into existence for the purpose of contributing to the harmonious economic growth and development of the member countries in the Caribbean and promoting economic cooperation and integration among them, having special and urgent regard to the needs of the less developed members of the region (Article 1 of the Agreement establishing CDB). In the Revised Treaty of Chaguaramas, the CDB is recognised as an Associate Institution of CARICOM