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World Bank, CDB to strengthen relations

Roseau, Feb 9 (Prensa Latina) The Caribbean Development Bank (CDB) and the World Bank (WB) agreed to strengthen bilateral collaboration following a study by multi-sectoral teams on avenues to improve results.

Sustainable progress, infrastructure, energy, human development, private sector involvement and regional reciprocity were major issues to debate on, Dominica NewsOnline reported.

In a two-day meeting held in Jamaica, both sides debated on areas of common interest, active projects and initiatives, as well as best practices.

The meeting concluded with agreements on next steps to adequately meet Caribbean nations´ needs.

Among key issues included tourism, renewable energy, digitalization, capacity building and education.

“Regional needs are broad and the crux of covering more ground is collaboration and cooperation among institutions facilitating the sustainable development agenda,” said Isaac Solomon, CDB Operations Vice President.

Desired economic and social progresses are most effectively achieved through the power of partnerships, said World Bank Director for the Caribbean Lilia Burunciuc.

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