Caribbean Development Bank Special Development Fund's 8th Replenishment

This contribution represents institutional support by Canada for the eighth cycle of the Special Development Fund (SDF) of the Caribbean Development Bank (CDB). The SDF is the Bank's s concessionary window from which grants and loans of longer maturity and lower interest rates are provided to the poorest and most vulnerable countries to support poverty reduction as well as social and economic development in the Caribbean. The themes and priorities for the eighth cycle of the SDF are: inclusive and sustainable growth; environmental sustainability and climate change; citizen security; and regional cooperation and integration. The Bank continues its efforts to make progress on the Millenium Development Goals (MDGs) and provide support to Haiti. Canada is one of the largest non-borrowing shareholders of the CDB (equal to the UK) and the largest contributor to the Special Development Fund.

The expected outcomes for this project include: 1) more inclusive and sustainable growth; 2) strengthened environmental sustainability and climate change management; 3) improved citizen security; and 4) strengthened regional cooperation and integration.