The Barbados based Caribbean Development Bank recorded strong growth and exceeded targets in approvals and disbursements in 2017.
According to CDB president Dr. Warren Smith, these were some of the highlights in the banks’ 2017 annual report.
He said the bank was able to respond quickly and meaningfully to the various setbacks and the challenges that borrowing member countries faced during the year.
According to Dr. Smith, with this level of support, the CDB was able to maintain its position as a leading source of long-term development financing and capacity-building in the Caribbean.
In 2017, the bank approved capital loans and technical assistance interventions totaling 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.