UPDATE: CARICOM proceeding with Dutch territories’ applications for associate membership

Even as the Caribbean Community (CARICOM) continues to consider the creation of an Enlargement Policy, Heads of Government have mandated the Secretary-General to begin negotiations for Associate Membership by the Dutch territories of Curacao and Aruba.

During their Twenty-Ninth Inter-Sessional Meeting in Haiti, last week, the Heads of Government agreed that the Community would proceed, in the first instance, with those two applications. They said further consideration would be given to the applications from the French Overseas territories of Guadeloupe, Martinique and French Guiana.

The mandate to Secretary-General Irwin LaRocque is to start talks with Curacao and Aruba to better determine their expectations of Associate Membership as well as what benefits this relationship could yield for the Community.

Their decisions were recorded in the Communique issued at the conclusion of the two-day meeting at the Port-au-Prince Marriott Hotel.  (more…)

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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CDB to establish first country office in Haiti this year

The Barbados-based Caribbean Development Bank (CDB) will establish its first country office in the Republic of Haiti later this year. Minister of Foreign Affairs, His Excellency Antonio Rodrigue and the Bank’s Vice-President (Operations), Monica La Bennett, signed the Agreement on February 27, 2018 on the sidelines of the 29th Intersessional Meeting of the Conference of Heads of Government of the Caribbean Community in Haiti.

La Bennett said that the signing of the Country Agreement further cements the strong partnership between CDB and the Republic of Haiti.

Last year, CDB, in collaboration with the Government of Haiti, developed a country strategy plan for the period 2017 to 2021, with an indicative resource envelope of USD100 million to help Haiti meet its development priorities. The strategy focuses on three main themes: agriculture and community development, sustainable energy development and education and training. It is this deepening engagement between CDB and the Government of Haiti that has led us to conclude that there is a need for a country office. We expect that this will lead to the development of closer relationships with the Government and the people of this country, enabling CDB to be a more proactive, responsive development partner,” she said.

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