{"id":8649,"date":"2019-03-21T13:30:04","date_gmt":"2019-03-21T18:30:04","guid":{"rendered":"https:\/\/projectcalls.com\/dev?p=8649"},"modified":"2019-03-21T08:59:34","modified_gmt":"2019-03-21T13:59:34","slug":"cdb-increases-disbursements-by-20-in-2018","status":"publish","type":"post","link":"https:\/\/projectcalls.com\/dev\/cdb-increases-disbursements-by-20-in-2018\/","title":{"rendered":"CDB increases disbursements by 20% in 2018"},"content":{"rendered":"

The Caribbean Development Bank (CDB) disbursed a record USD280 mn in project funding to its Borrowing Member Countries (BMCs) in 2018, a 20% increase compared with 2017. The Bank disbursed USD233 mn in 2017 and USD206 mn in 2016.<\/p>\n

Speaking at CDB\u2019s Annual News Conference today, the Bank\u2019s Director of Projects, Daniel Best highlighted factors contributing to this, in particular a CDB-led initiative to improve implementation at the country level.<\/p>\n

\u201cThis significant improvement results from a combination of two factors. First is our continued investment in the training of public officers to assist our BMCs to implement projects faster. Second is the Bank\u2019s ongoing review of policies and procedures to improve our responsiveness,\u201d stated Best.<\/p>\n

He provided a snapshot of the Bank\u2019s results, outlining key projects, which were completed or under implementation across the Region in 2018.<\/p>\n

The Director noted a road safety project in Belize, which resulted in road fatalities dropping from an average of 33 per year before the project, to a current average of less than eight per year.<\/p>\n

In addition, he pointed out that more than 100,000 people in Guyana are now benefitting from a USD44 mn road project in West Coast Demerara, which has provided safer infrastructure, a wider corridor, improved drainage and new pedestrian and bicycle lanes.<\/p>\n

In outlining the Bank\u2019s work in 2018, the Director highlighted the increasing demand for energy-efficient street lighting across CDB\u2019s BMCs, confirming that in Antigua and Barbuda, and Jamaica, 44,000 street lights have been replaced with energy-efficient light-emitting diode (LED) lights.<\/p>\n

Education was also a significant focus area for CDB in 2018, with the Bank investing in training for principals, teachers and Ministry officials.<\/p>\n

\u201cNow educators across the Region are better equipped to deliver technical and vocational education and training, special needs education, competency-based education and training, psychosocial services, and health and family life education,\u201d said Best.<\/p>\n

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

\u00a0<\/p>\n

\u00a0<\/p>\n

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

The Caribbean Development Bank (CDB) disbursed a record USD280 mn in project funding to its Borrowing Member Countries (BMCs) in 2018, a 20% increase compared with 2017. The Bank disbursed…<\/p>\n","protected":false},"author":19,"featured_media":4733,"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":[121,182,183],"class_list":["post-8649","post","type-post","status-publish","format-standard","has-post-thumbnail","category-newsdevelopments","tag-caribbean","tag-caribbean-development-bank","tag-funding"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Pink-Piggy-Bank-On-Top-Of-A-Pile-Of-One-Dollar-Bills-Ken-Teegardin-flickr-1.jpg?fit=1024%2C697&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6u9Qa-2fv","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":5836,"url":"https:\/\/projectcalls.com\/dev\/cdb-releases-2017-annual-report\/","url_meta":{"origin":8649,"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":4568,"url":"https:\/\/projectcalls.com\/dev\/cdb-president-announces-up-to-usd-800-million-for-disaster-recovery-amid-strong-bank-performance-in\/","url_meta":{"origin":8649,"position":1},"title":"CDB President announces up to USD 800 million for disaster recovery, amid strong Bank performance in 2017","author":"Michele Marius","date":"February 20, 2018","format":false,"excerpt":"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 from the impact of the 2017 Atlantic Hurricane Season. The funding, which the Bank is providing over the next five\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\/02\/Hurricane-skeeze-Pixabay.jpg?fit=1024%2C679&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Hurricane-skeeze-Pixabay.jpg?fit=1024%2C679&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Hurricane-skeeze-Pixabay.jpg?fit=1024%2C679&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Hurricane-skeeze-Pixabay.jpg?fit=1024%2C679&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":25272,"url":"https:\/\/projectcalls.com\/dev\/cdb-idb-world-bank-endorse-jamaicas-procurement-system\/","url_meta":{"origin":8649,"position":2},"title":"CDB, IDB, World Bank Endorse Jamaica\u2019s Procurement System","author":"Mayra Bonilla Lopez","date":"November 24, 2022","format":false,"excerpt":"Jamaica Three International Financial Institutions (IFIs) have endorsed the Government of Jamaica\u2019s new electronic procurement system. 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The replacement of the approximately 40,000 streetlights is expected to reduce energy consumption and costs as\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\/02\/Streetlights-highway-road-Vini%CC%81cius-Pimenta-Pexels.jpeg?fit=1024%2C682&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Streetlights-highway-road-Vini%CC%81cius-Pimenta-Pexels.jpeg?fit=1024%2C682&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Streetlights-highway-road-Vini%CC%81cius-Pimenta-Pexels.jpeg?fit=1024%2C682&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Streetlights-highway-road-Vini%CC%81cius-Pimenta-Pexels.jpeg?fit=1024%2C682&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":4476,"url":"https:\/\/projectcalls.com\/dev\/cdb-and-dfc-launches-new-bz-40-million-credit-line-in-belize\/","url_meta":{"origin":8649,"position":5},"title":"CDB and DFC Launches new BZ $40 Million Credit Line in Belize","author":"Michele Marius","date":"February 13, 2018","format":false,"excerpt":"On January 31, 2018, under the theme\u00a0\u201cFacilitating DFC\u2019s Developmental Mandate,\u201d\u00a0the Caribbean Development Bank (CDB) and the Development Finance Corporation (DFC) launched CDB\u2019s 8th Consolidated Line of Credit to the DFC. 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