IDB Group Caribbean Governors Endorse Regional Programme, ‘One Caribbean’

• The Caribbean Governors of the Inter-American Development Bank Group (IDB Group) endorsed the “One Caribbean” programme, a comprehensive framework designed to support enhancing living standards across the Caribbean region.
• The programme focuses on four pillars: climate adaptation, disaster risk management and resilience; citizen security; private sector engagement; and food security, as well as two cross-cutting areas, strengthening institutions and facilitating digital transformation.
• The signing of this endorsement statement took place during the IDB and IDB Invest Annual Meetings in Punta Cana, Dominican Republic. The signatories included economic and financial leaders within the region. IDB President Ilan Goldfajn signed as a witness of honour.
• President Goldfajn said: “Today’s signing is another important step in our over half-a-century-long relationship with the Caribbean and its people. In 2023, we started a discussion about shared challenges and the need to create a regional programme to address these issues. ‘One Caribbean’ is proof that we at the IDB Group are committed to partnering with the region in their efforts to achieve inclusive and sustainable growth with an emphasis on high-impact initiatives. It is the first initiative under the group’s new institutional strategy.”
• By 2030 “One Caribbean” is expected to successfully support the region in increasing access to resilient infrastructure, promoting safer communities, enhancing private sector engagement and productivity, and improving food availability, access, use, and stability. The initiative will facilitate greater impact and the increased flow of resources for the Caribbean with the support of the IDB Group.
• The IDB Group noted that it will deploy all its windows to address inter-dependent underlying challenges, provide mechanisms to increase innovative financing and boost collaboration with partners that work in the region.

(Source: Guyana Chronicle)