BRIDGETOWN, Barbados, CMC – The Caribbean Development Bank (CDB) and the World Bank have charted a path for closer collaboration to drive the region’s development agenda.
This came from a recent joint working session in Jamaica, where multi-sectoral teams from the institutions examined avenues for deeper cooperation to enhance development outcomes for Caribbean countries.
The areas reviewed included Sustainable Development, Infrastructure, Energy, Human Development, Private Sector Engagement, and Regional Cooperation. The discussions covered areas of current focus, active projects and initiatives, lessons learned, and best practices.
The two-day session concluded with agreements on the following steps to adequately meet the development needs of Caribbean countries. Identified areas of emphasis include tourism, renewable energy, digitization, capacity building, and education.
“Having solidified links between the CDB and World Bank teams, I’m sure of our mutual commitment to roll our sleeves up and continue working toward the best outcomes possible for the people of the Caribbean. Desired economic and social advancements are most effectively accomplished through the power of partnerships”, said Lilia Burunciuc, World Bank’s Country Director for the Caribbean.
Isaac Solomon, CDB Vice President, Operations, said the Caribbean’s needs are extensive. Collaboration and cooperation between institutions facilitating the region’s sustainable development agenda are critical to covering more ground.
“We will see better results from alignment, and having had the discussions, we will now take action to move on from here,” Solomon said.
CDB and the World Bank have had a longstanding partnership, with their most recent collaborations centered on bolstering public procurement in the Caribbean.
Joint initiatives have included:
- We are establishing a procurement training center.
- We are conducting common procurement assessments.
- A coordinated and ongoing procurement reform program across CDB’s Borrowing Member Countries in the Organisation of Eastern Caribbean States.
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