Project profile — Replenishment of the SDF-10 at the Caribbean Development Bank - institutional support 2021 to 2024

• Haiti (16.00%)
• Grenada (9.00%)
• Guyana (14.00%)
• Saint Vincent And The Grenadines (8.00%)
• Jamaica (16.00%)
• Belize (12.00%)
• Saint Lucia (8.00%)
• Dominica (8.00%)
• Suriname (9.00%)

• Basic Education: Basic life skills for youth and adults (11230) (15.00%)
• Energy Generation, Renewable Resources: Energy generation, renewable sources - multiple technologies (23210) (14.00%)
• Banking And Financial Services: Formal sector financial intermediaries (24030) (14.00%)
• Business support services and institutions:
Business support services and institutions (25010) (12.00%)
Business Development Services (25030) (15.00%)
• Agriculture: Agricultural development (31120) (15.00%)
• Other Multisector: Multisector aid (43010) (15.00%)

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (significant objective)
• Trade development (significant objective)
• Biodiversity (significant objective)
• Climate change mitigation (significant objective)
• Climate Change Adaptation (significant objective)
• Urban issues (significant objective)
• Disaster Risk Reduction(DRR) (significant objective)
• Nutrition (significant objective)
• ICT as a tool for development (significant objective)

This grant represents Canada's institutional support to the 10th replenishment of the Special Development Fund (SDF) of the Caribbean Development Bank (CDB). CDB uses these funds and other donors’ funding to achieve its mandate. Its mandate is to provide loans, guarantees, technical assistance, and policy advice to borrowing member countries. The goal is systematic reduction of poverty through social and economic development by providing low-interest loans and grants to support the poorest and most vulnerable Caribbean countries. Project activities include: (1) building and improving educational facilities and training teachers; (2) improving agricultural production through irrigation, drainage and flood management, and training farmers in improved production technology and climate smart practices; (3) installing and upgrading water capacity and supply lines for households; (4) building, expanding and improving green and sustainable infrastructure. This includes building and upgrading roads, sea defences and landslip protections; (5) supporting the development of a vibrant private sector through loans and training to small businesses while also improving the business environment through institutional reforms; (6) installing conventional and renewable power generation capacity; (7) strengthening preparedness and response to climate change and disasters; (8) promoting regional public goods such as trade facilitation or public financial management practices of borrowing member countries; and (9) promoting gender equality across SDF operations by increasing direct programming towards women and girls.

The expected outcomes of this project as stated by the CDB include: (1) improved access to quality, inclusive, and equitable education and training; (2) improved sustainable agriculture production; (3) improved access to safe, reliable, and sustainable water and sanitation services; (4) improved access to basic social infrastructure and services; (5) increased provision of quality, reliable, safe, sustainable, and resilient infrastructure; (6) improved private sector development and competitiveness; (7) increased access to reliable, affordable, and modern energy (energy security); and (8) increased resilience and adaptive capacity of national and local institutions and communities to disaster risk and climate change impacts

Results achieved as of June 2023 include: (1) improved social resilience of CDB borrowing member countries through assistance to support 800 students and training for 3,000 educators; (2) strengthened economic resilience in the Caribbean region through USD 67 million in loans and grants to support economic development activities and recovery from the impact of COVID-19 pandemic; and (3) increased economic resilience of CDB borrowing member countries through over USD 25 million in funding to bolster climate resilient infrastructure and to provide disaster risk insurance support in Haiti.

• Proactive disclosure