The Caribbean Development Bank says it will not retreat in the face of global and regional economic uncertainty.
CDB President Daniel Best says the bank is forward-focused with resolve and results as it retools for a decade of transformation in the region.
Mr. Best says the bank's commitment to transforming Caribbean lives is being reinforced by innovative financial mechanisms, increased climate investments and a firm belief in the power of human capital.
In 2024, the bank approved more than US$300 million in new projects, despite the global backdrop of fiscal tightening, inflationary pressures and escalating climate shocks.