{"id":4568,"date":"2018-02-20T09:50:34","date_gmt":"2018-02-20T14:50:34","guid":{"rendered":"http:\/\/projectcalls.com\/?p=4568"},"modified":"2018-02-20T14:43:22","modified_gmt":"2018-02-20T19:43:22","slug":"cdb-president-announces-up-to-usd-800-million-for-disaster-recovery-amid-strong-bank-performance-in","status":"publish","type":"post","link":"https:\/\/projectcalls.com\/dev\/cdb-president-announces-up-to-usd-800-million-for-disaster-recovery-amid-strong-bank-performance-in\/","title":{"rendered":"CDB President announces up to USD 800 million for disaster recovery, amid strong Bank performance in 2017"},"content":{"rendered":"

President of the Caribbean Development Bank (CDB), Dr. Wm.<\/sup>\u00a0Warren Smith, \u00a0today announced that the institution is making USD700 to 800 million (mn) available to help Borrowing Member Countries (BMCs) recover from the impact of the 2017 Atlantic Hurricane Season. The funding, which the Bank is providing over the next five years, complements its ongoing work to build resilience in the Caribbean Region.<\/p>\n

\u201cDisaster risk management and resilience building took centre-stage again in CDB\u2019s strategic responses to the challenges facing our BMCs,\u201d<\/em>\u00a0said\u00a0Smith<\/strong>\u00a0while outlining the Bank\u2019s 2017 performance during his Annual News Conference on February 7, 2018.<\/p>\n

\u201cTo incentivise BMCs to invest in climate-resilient infrastructure, CDB must be able to also offer grant and other attractively priced financial resources.\u00a0 But the challenges our Region faces are bigger than what CDB can handle on its own.\u00a0 We have, therefore, been drawing on a combination of our own resources as well as funds intermediated through CDB by other development partners to meet this challenge,\u201d<\/em>\u00a0he added.<\/p>\n

In 2017, the Bank mobilised concessionary resources from development partners to support more resilient infrastructure projects throughout the Region.<\/p>\n

Among them was the Second Climate Action Line of Credit from the European Investment Bank totalling USD144 mn, including USD24 mn for emergency post-disaster rehabilitation.<\/p>\n

Last year, CDB also announced a new USD70 million fund, through which the Government of Mexico is providing grants to boost regional infrastructure in the Bank\u2019s BMCs.<\/p>\n

In 2018, the United Kingdom Caribbean Infrastructure Partnership Fund, a GBP300 mn programme launched two years ago, will be expanded to include an additional GBP28 mn to assist in the recovery efforts in Antigua and Barbuda, and Dominica, the President said.<\/p>\n

\u2026 more<\/a><\/p>\n

Image:\u00a0\u00a0skeeze (Pixabay<\/a>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

President of the Caribbean Development Bank (CDB), Dr. Wm.\u00a0Warren Smith, \u00a0today announced that the institution is making USD700 to 800 million (mn) available to help Borrowing Member Countries (BMCs) recover…<\/p>\n","protected":false},"author":19,"featured_media":4569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[112],"tags":[121,182,198,185],"class_list":["post-4568","post","type-post","status-publish","format-standard","has-post-thumbnail","category-newsdevelopments","tag-caribbean","tag-caribbean-development-bank","tag-disasters","tag-infrastructure"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Hurricane-skeeze-Pixabay.jpg?fit=1024%2C679&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6u9Qa-1bG","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":5836,"url":"https:\/\/projectcalls.com\/dev\/cdb-releases-2017-annual-report\/","url_meta":{"origin":4568,"position":0},"title":"CDB releases 2017 Annual Report","author":"Michele Marius","date":"June 8, 2018","format":false,"excerpt":"The Caribbean Development Bank (CDB) has released its\u00a02017 Annual Report, highlighting the institution\u2019s performance, initiatives and results delivered during the year. \u201cThe Bank recorded strong growth, and exceeded targets in both total approvals and disbursements,\u201d said\u00a0President, Dr. Wm.\u00a0Warren Smith.\u00a0\u201cThe Bank was able to respond quickly and meaningfully to the various\u2026","rel":"","context":"In "News\/Developments"","block_context":{"text":"News\/Developments","link":"https:\/\/projectcalls.com\/dev\/category\/newsdevelopments\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/06\/Books-magazines-Jens-Mahnke-Pexels.jpeg?fit=1024%2C576&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/06\/Books-magazines-Jens-Mahnke-Pexels.jpeg?fit=1024%2C576&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/06\/Books-magazines-Jens-Mahnke-Pexels.jpeg?fit=1024%2C576&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/06\/Books-magazines-Jens-Mahnke-Pexels.jpeg?fit=1024%2C576&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5841,"url":"https:\/\/projectcalls.com\/dev\/cdb-announces-usd1-5mn-to-build-greater-climate-resilience-through-technology\/","url_meta":{"origin":4568,"position":1},"title":"CDB announces USD1.5mn to build greater climate resilience through technology","author":"Michele Marius","date":"June 8, 2018","format":false,"excerpt":"The Board of Directors of the Caribbean Development Bank has approved a project that aims to increase the use of technology to build greater climate resilience throughout the Region. 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