Caribbean Development Bank

Published purpose

This contribution represents institutional support by Canada for the eighth cycle of the Special Development Fund of the Caribbean Development Bank, to support economic and social development in the poor countries in the Caribbean. The Fund is the Bank's s concessionary window from which grants and loans of longer maturity and lower interest rates are provided to the poorest and most vulnerable countries to support poverty reduction as well as social and economic development in the Caribbean. The themes and priorities for the eighth cycle of the Special Development Fund are: inclusive and sustainable growth; environmental sustainability and climate change; citizen security; and regional cooperation and integration. The Bank will continue its efforts to make progress on the Millenium Development Goals and support to Haiti. Canada is one of the largest non-borrowing shareholders of the Caribbean Development Bank (equal to the UK), and the largest contributor to its Special Development Fund.