Business View Caribbean | Volume 9, Issue 2

3 BUSINESS VIEW CARIBBEAN VOLUME 9, ISSUE 2 T he Caribbean Development Bank (CDB) is moving to create a “financing ecosystem” to support the rescue, recovery and repositioning of its Borrowing Member Countries’ (BMCs) economies to meet immediate needs and propel long-term growth and development. CDB President, Dr Gene Leon said the institution will marshal financing for a range of innovative instruments that will enable its BMCs to reorder their economies for future growth and prosperity even while continuing to navigate recovery CDB TO CREATE REGIONAL FINANCING ECOSYSTEM TO RESCUE AN REPOSITION CARIBBEAN ECONOMIES amidst current challenges. “To meet the region’s development needs, and for the attainment of the SDG goals, we need to approach our financing needs in a wholesome manner, addressing both the existing debt stock problem and flow financing for development. This would require a wide spectrum of financing instruments that is underpinned by a strong regulatory environment and a well-developed financial market infrastructure,” Dr Leon said at the CDB’s Annual News Conference, held virtually. O p e n i n g L i n e s