A baseline assessment commissioned by the Caribbean Development Bank has revealed that persistent institutional weaknesses and procedural inefficiencies are significantly delaying development projects across the Caribbean.
The study, which reviewed 35 CDB funded projects in 10 countries, found issues such as procurement delays, limited institutional capacity, poor communication and weak oversight.
CDB President Daniel Best stressed that ineffective implementation is preventing life-changing development.
Portfolio Manager Cavon C.J. White noted progress in some areas but highlighted ongoing problems with staffing, risk management and financial oversight.
Despite the challenges, the CDB views the report as a critical tool to refine its support strategies and improve development outcomes through better product design and implementation systems.
All feeds
