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.”