CDB Provides US$5 3 million for St Vincent and the Grenadines Volcano Recovery - Saint Vincent and the Grenadines reliefweb.int - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reliefweb.int Daily Mail and Mail on Sunday newspapers.
Summary
Madam Chair, regretfully, we have come to the end of the 51st Annual Meeting of the Caribbean Development Bank (CDB). This is my first meeting, but already fond memories of lively engagement and high-quality discussions are imprinted on my brain.
Madam Chair, I must acknowledge and thank you for the critical role you played in this successful event. Thank you for stepping in and taking on the responsibility of the chair of this meeting with very little notice. You steered the event well; and we are forever indebted to you for generously giving of your time.
The deliberations with Governors over the past two days, alongside the virtual sessions have been extremely productive. We were afforded unique insights into some innovative solutions that the Bank’s Borrowing Member Countries (BMCs) can adopt to overcome their development challenges.
Seminar: Reimagining the Caribbean in the Wake of the COVID-19 Pandemic
The COVID-19 pandemic has had fundamental and potentially long-lasting impacts on the Borrowing Member Countries (BMCs) of the Caribbean Development Bank (CDB). All but one of the BMCs recorded declines in gross domestic product (GDP), and 13 of these suffered double-digit contractions. Unemployment increased and there was extensive loss of livelihoods. There has been considerable public debt accumulation, as governments were obligated to increase expenditures to manage the health and social fallout from the pandemic while suffering deep declines in revenue.
This webinar will have an expert panel who willexplore some of the protracted impacts of the COVID-19 pandemic on BMCs; the policy imperatives for recovering from the impacts; and the keys to building a region that is far more resilient to external shocks.
New CDB president takes office jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
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Completing his decade-long tenure at the helm of the Caribbean Development Bank (CDB), President Dr William Warren Smith said farewell to member countries and staff at a special Board of Directors meeting, followed by a staff function.
During Smith’s period in office from May 1, 2011 to April 30, 2021, he oversaw the response to two global crises that heavily impacted the Caribbean Region – the aftermath of the 2008 global financial crisis at the beginning of his first term and the Covid-19 pandemic at the end of his second. In between, CDB tackled a series of increasingly devastating storms associated with climate change which hit Borrowing Member Countries (BMCs).