The Caribbean Development Bank
The Caribbean Development Bank (CDB) was established on October 18, 1969. It has as its main purpose, the goal of contributing to the economic growth and development of the member countries within the Caribbean.
In December 1999 the Board of Directors of the CDB approved a loan for US$14.128 million and a grant for US$124,000 to assist in the poverty reduction efforts of the GoJ. Loan Agreement No. 10/SFR-JAM and Grant Agreement No. GA 10/JAM were signed between the GoJ and the CDB on May 26, 2000 and became effective May 2000, with a Closing Date of March 31, 2004 which was subsequently revised to July 31, 2006.
The loan funded:
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Small-scale community projects to meet the basic needs within underserved communities throughout Jamaica with focus on access roads, water and sanitation.
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Strengthening of community based organizations (CBOs) by providing technical assistance to CBOs to equip them with the skills they need to prepare, implement and manage projects within their communities.
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Institutional strengthening support for the JSIF.
CDB also administers a US$2,866,897 grant from the Canadian International Development Agency (CIDA) for the Basic Needs Trust Fund. On June 16, 2003 Grant Agreement No. GA 19/JAM was signed between the CDB and the GoJ with the Government of Jamaica providing counterpart funding of US$570,344. The total cost of the project is US$3,437,241 and has a Closing Date of June 30, 2010.
Related Link(s)
The Caribbean Development Bank (CDB) Website
