Project profile — Caribbean Development Bank – Institutional Support - Third General Capital Increase



Overview 

CA-3-M013352001
$26,243,362
Caribbean Development Bank (46009)
2011-04-01 - 2016-03-31
Operational
Global Affairs Canada
MFM Global Issues & Dev.Branch

Country / region 

• West Indies, regional (100.00%)

Sector 

• Education, Level Unspecified: Education facilities and training (11120) (10.00%)
• Public sector policy and administrative management:
Public sector policy and administrative management (15110) (15.00%)
Public finance management (15111) (10.00%)
• Road transport:
Road transport (21020) (20.00%)
Air transport (21050) (5.00%)
• Banking And Financial Services: Formal sector financial intermediaries (24030) (20.00%)
• Agricultural development:
Agricultural development (31120) (5.00%)
Food crop production (31161) (5.00%)
• Industry: Energy manufacturing (32167) (5.00%)
• Tourism: Tourism policy and administrative management (33210) (5.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (significant objective)
• Participatory development and good governance (significant objective)
• Trade development (significant objective)
• Biodiversity (not targeted)
• Climate change mitigation (significant objective)
• Climate Change Adaptation (significant objective)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (significant objective)
• Youth Issues (not targeted)
• Disability (not targeted)
• Indigenous Issues (not targeted)
• ICT as a tool for development (not targeted)

Description 

This contribution represents Canada’s institutional support to the Caribbean Development Bank (CDB). Based in Barbados, the CDB is a multilateral development financial institution whose mandate is to work towards the systematic reduction of poverty in its borrowing member countries through social and economic development. The CDB is guided by its Strategic Plan 2010-2014, which focuses on four key priorities: (1) promoting broad-based economic growth and inclusive social development; (2) supporting environmental sustainability and disaster risk management; (3) promoting good governance; and (4) fostering regional cooperation and integration. Gender equality is a cross-cutting theme, to broaden the impacts of poverty reduction efforts of all the CDB’s activities. To make progress in these priority areas, the CDB supports activities designed to improve access to education, agricultural development, infrastructure (e.g. roads, sea defense, landslip protection, urban drainage, and community infrastructure), water, and sanitation.

Expected results 

N/A

Results achieved 

Results achieved for the period of January 2010 to December 2012 include: Education: 493 classrooms were built or upgraded and over 3,800 teachers were trained. These and other education-enhancing efforts such as access to student loan financing, benefitted over 136,000 students. As of December 2012, a 91% primary education enrolment had been achieved for girls and 90% for boys in the region. Agriculture: Over 4,750 hectares of land were irrigated or improved. In addition, 393 people benefitted from rural enterprise credit programs designed to increase agricultural productivity, marketing, and community-level enterprise development. Infrastructure: 1,975 km of roads were built or improved, benefitting over 250,000 people. Water: Access to water and sanitation systems was provided to over 25,000 households

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Encashment basis
Collaboration type Multilateral
Type of aid Core contributions to multilateral institutions
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