BRIDGETOWN, Barbados, CMC – The Barbados-based Caribbean Improvement Financial institution (CDB) mentioned Friday it has carried out a complete Nation Venture Portfolio Evaluate of Barbados.
The train, which introduced collectively senior authorities officers, CDB representatives, and key mission stakeholders, aimed to evaluate the standing of bank-funded tasks, determine alternatives to strengthen implementation, and guarantee continued alignment with Barbados’ nationwide growth agenda.
“The overview targeted on key growth priorities resembling climate-resilient infrastructure, non-public sector development, and social growth. Contributors additionally mentioned challenges and classes discovered from essential tasks in areas that embrace flood mitigation, water provide system upgrades, and public sector capacity-building initiatives being supported by CDB.”
The CDB mentioned that it additionally featured a presentation on its flagship poverty discount programme, the Fundamental Wants Belief Fund (BNTF) of which Barbados is a beneficiary, with entry to US$3.17 million in grant funding in direction of enhancements in primary financial and social infrastructure and providers.
“I’m glad to interact on this Nation Portfolio Evaluate for Barbados, notably as a result of we have now gone via a interval of serious adjustment and reform that has led us to a degree the place we will see a extra secure financial system shifting ahead,” mentioned Minister within the Ministry of Financial Affairs and Funding, Ryan Straughn.
“I encourage all of us to see these interventions not simply as infrastructure tasks, however as actions that straight enhance folks’s lives,” he added.
CDB’s performing Vice President for Finance and Company Providers, Ian Durant, underscored the significance of the overview in alignment with Barbados’ general nationwide growth.
“We’re streamlining our operations for larger agility, elevated scale, accelerated funding deployment, and larger growth affect, notably for catastrophe threat administration.”
The CDB mentioned that this focus is especially related for Barbados, the place rising local weather vulnerabilities spotlight the necessity for well timed, efficient threat administration. CDB’s ongoing investments help the nation’s long-term growth by strengthening financial foundations and constructing social and environmental resilience for a extra inclusive and climate-smart future.
The Nation Venture Portfolio Evaluate of Barbados fashioned a part of CDB’s broader effort to make sure its growth help stays responsive, results-oriented, and aligned with the priorities of its Borrowing Member International locations (BMC).
