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WorldAugust 1 2014

CDB president prepares for future storms

The financial crisis hit the Caribbean hard, with the region only recently starting to recover. Now that the worst is over, the president of the Caribbean Development Bank is looking to build a more sustainable future, encouraging projects that minimise the effects of natural disasters and develop the region's renewable energy potential.
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CDB president prepares for future storms

As economic conditions begin to improve in parts of the region, the Caribbean Development Bank (CDB) is adapting its products to the different needs of its 19 borrowing members, offering both state aid and economic stimulus tools. It is also broadening its policies to help countries mitigate the effects of natural disasters and improve infrastructure, both for transport and energy.

“Over the past couple of years, our focus has shifted from dealing with crises to looking at [growth potential],” says Warren Smith, president of the CDB. “But, we still need to do some of that work [dealing with the economic downturn], as we’re just coming out of that phase.”

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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