News

Caribbean Development Bank Finances State of Water Study in Caribbean Countries

6 December 2011: The Board of Directors of the Caribbean Development Bank approved a US$275,000 loan to assist in financing an assessment of the state of the water sector in all Bank borrowing member countries (BMCs) except Haiti.

Given Haiti's unique characteristics and size compared to other BMCs, a separate Bank study of its water sector will be undertaken in the future.

The study follows up on a decision by the Bank to take a more proactive and focused approach to supporting the water sector in BMCs. The study will evaluate the major development challenges currently facing the water sector in the Caribbean, including climate change, and what potential role the Bank can play in helping to address these challenges. The study aims to provide the information required by the Bank in developing new or updated policies and strategies impacting this sector, and guide its decision-making process on lending in the sector.

Besides Haiti, the Caribbean Development Bank's BMCs include Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, St. Kitts and Nevis, Saint Lucia, St. Vincent and the Grenadines, and Trinidad and Tobago. [CBD Press Release]