The Barbados based Caribbean Development Bank (CDB) recorded strong growth and exceeded targets in approvals and disbursements in 2017.
CDB President Dr. Warren Smith said these were highlights in the banks 2017 annual report.
In 2017, the Bank approved capital loans and technical assistance interventions totalling US$364 million, an increase of 18 per cent compared with 2016.
Disbursements to its Borrowing Member Countries rose by 13 per cent to US$233 million during the year.
The report also details the CDB's economic outlook and review for the Caribbean Region.
The Bank forecasts that the regional economy will grow by 1.8 per cent in 2018 due to anticipated improvements in global economic growth, with risks tilted to the downside.
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