With Barbados and the Caribbean together needing at least US$65.2 billion in financing by 2033 to prevent stagnation, Caribbean Development Bank (CDB) president Daniel Best says the bank is making major progress in securing new funding.
The CDB will also be launching a euro medium-term note programme, enabling it to raise up to US$1 billion over three years to “lower the cost of capital and unlock the private investment our region needs to grow”.
He announced this while detailing the approval of a new ten year CDB strategic plan for regional development, one focused on building social, economic and environmental resilience.
This came as director of projects O’Reilly Lewis reported that in 2025, the bank significantly expanded its financing to borrowing member countries, approving US$464 million, a 50 per cent increase over 2024, and disbursing US$429 million, 30 per cent more than in 2024.
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