Apr 29, 2021
Completing his decade-long tenure at the helm of the Caribbean Development Bank (CDB), President Dr Wm Warren Smith said farewell to member countries and staff at a special Board of Directors meeting, followed by a staff function.
During President Smith’s period in office, running 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).
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CDB’s COVID-19 Response Exceeds US$190 Million in 2020
February 28, 2021
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THE Caribbean Development Bank (CDB) provided more than $140.2 million in financing in 2020 and secured an additional $50 million for 2021 to support its Borrowing Member Countries (BMCs) in mitigating the macroeconomic fallout and adverse social effects of the COVID-19 pandemic.
The onset of COVID in the first quarter of the year triggered a steep fall in BMC government revenues, which along with an increased demand for healthcare and social support, put social services and health systems under pressure, exacerbated inequalities in education and increased the vulnerability of at-risk groups.
CDBâs COVID-19 response exceeds US $190 million in 2020
Bank President, Dr. Wm. Warren Smith.
ST. MICHAEL, Barbados The Caribbean Development Bank (CDB) provided more than $140.2 million in financing in 2020 and secured an additional $50 million for 2021 to support its Borrowing Member Countries (BMCs) in mitigating the macroeconomic fallout and adverse social effects of the COVID-19 pandemic.
The onset of COVID in the first quarter of the year triggered a steep fall in BMC government revenues, which along with an increased demand for healthcare and social support, put social services and health systems under pressure, exacerbated inequalities in education and increased the vulnerability of at-risk groups.