CDB targets US$65.2 billion in financing by 2033

With Barbados and the Caribbean together needing at least US$65.2 billion in financing by 2033 to prevent stagnation, Caribbean Development Bank (CDB) president Daniel Best says the bank is making major progress in securing new funding.

The CDB will also be launching a euro medium-term note programme, enabling it to raise up to US$1 billion over three years to “lower the cost of capital and unlock the private investment our region needs to grow”.

He announced this while detailing the...