Featured Articles

Explore engaging commentary, fresh insights, varied perspectives, and much more in our featured articles. Each writer represents a unique view of our region and together their voices illuminate our people’s creativity and intellect.

A Roadmap to Recovery:

A Roadmap to Recovery: The IDB’s “Build Forward Initiative”

With projections of slow economic recovery for the Caribbean, the Global Pandemic has exposed the societal and economic weaknesses of the Caribbean region. These sentiments were expressed at the 10th Annual Consultation with the...
Caribbean Sex Registry an Important Tool for Human Rights Defenders

Caribbean Sex Registry An Important Tool For Human Rights Defenders

Violence against women (VAG) is an ongoing issue in our society. In November and December, we usually raise awareness of the issues women face in terms of violence and crimes against them but we...
Discipline And Your Child’s Future

Discipline And Your Child’s Future

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Discipline is a touchy topic here in the Caribbean. On the one hand, most people are willing to acknowledge that there is such a thing as going too far. On the other, the lines...
Effort includes multi-donor facility expected to mobilize $1.5 billion The Caribbean Governors of the Inter-American Development Bank backed Build Forward, a $3.5 billion multi-year program to help Caribbean countries sustainably recover while making technological leaps that will bring about a transformational future. The initiative includes a multi-donor facility to provide targeted grant and concessional financing for smart and resilient projects. The facility is expected to mobilize $1.5 billion in resources for a series of activities that include advisory services, project preparation and catalyzing private capital for investments in resilient infrastructure, nature and disaster-risk based solutions. IDB management briefed Governors about Build Forward ahead of the Annual Meeting of IDB Group, which will take place March 17-21 in Barranquilla, Colombia, in a virtual format. Governors are the top decision-makers at the IDB – the Caribbean’s biggest provider of development finance. “We are thrilled to have donors join our Build Forward initiative, which will prepare the people and places of the Caribbean for the future we create together,” said Therese Turner-Jones, the IDB General Manager of the Department of the Caribbean Region. “Build forward is focused on giving citizens of the Caribbean the opportunity to thrive in the more digital future. It will provide better infrastructure services for all citizens, creating jobs, reducing poverty, and bringing much-needed advanced technology into the region.” At the meeting, IDB President Mauricio Claver-Carone presented his strategic vision for the Bank in the 2021-2025 period. Governors were briefed on the human and infrastructure potential of the Caribbean, and on the importance of reforming economic institutions to ensure a sustainable foundation for growth. Many Caribbean economies have been devastated by a tourism collapse caused by Covid-19, as well as a series of natural disasters. A key part of helping countries grow in ways that benefit all citizens is overcoming large infrastructure investment deficits, estimated at 5 percent of GDP for Latin America and the Caribbean. The multi-donor facility and other financing mechanisms will help governments finance key resilient investments at a time of limited fiscal space. Build Forward Besides the multi-donor facility, Build Forward will provide advisory services and work with countries to implement national investment plans, project banks and project prototypes. It will create strategic options to ensure that all investment assets are developed to maximise opportunities and minimize risks from climate change over their life span. It will provide advanced digital-based solutions in areas such as schools and hospitals, grid systems, highways and more. Build Forward will foster partnerships that link private sector investors to smart resilient investments that will yield returns and solve a development challenge. Depending on the need or specific project, Build Forward will dispatch experts in the field, provide training, supply equipment and provide financial assistance. Build Forward is also aiming to coordinate financing from multiple donors, including those participating in today’s announcement before the Governors. It will leverage partnerships with organisations such as the Caribbean Climate Smart Accelerator (CCSA) which is already supporting initiatives to build resilience in the region. Build Forward will provide the requisite preparation countries need to better withstand the effects of natural disasters. It will facilitate a smoother recovery process with reduced expenses for repairs and rebuilding after natural disasters. Overall, this initiative will minimize related consequences as a direct result of investing in smart and resilient solutions. The IDB finances operations and provides technical assistance to its six Caribbean member countries: Jamaica, The Bahamas, Barbados, Trinidad and Tobago, Guyana and Suriname. It also makes funding available through alliances to other Caribbean countries. Through an ongoing agreement with Caribbean Development Bank, funding will also be made available for nine countries grouped in the Organization of Eastern Caribbean States. About the IDB The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.

IDB Announces Build Forward Initiative To Advance Technology And Resilience In Caribbean

Press Release: Effort includes multi-donor facility expected to mobilize $1.5 billion The Caribbean Governors of the Inter-American Development Bank-backed Build Forward, a $3.5 billion multi-year program to help Caribbean countries sustainably recover while making technological...
TT entrepreneurs beat 500 international entries

TT Entrepreneurs Beat 500 International Entries To Create IDB-Funded Pharmacy App

This TT company is reinventing the meaning of pharmacy in Latin America & the Caribbean. A new pharmacy-startup, medl, has launched in Trinidad with over 100 doctors on board, having been selected as one...
Trinidad and Tobago signs loan agreements with IDB

Trinidad and Tobago To Increase Social Support For Vulnerable Groups With Help From The...

PRESS RELEASE: PORT OF SPAIN, Trinidad – The Government of Trinidad and Tobago signed a loan agreement with the Inter-American Development Bank to fund a program for people most affected by the Covid-19 crisis...
INTERNATIONAL PRESS RELEASE

International Press Release

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On Sunday February 14th, 2021, at 6:00 a.m. AST, a group of culture conscious professionals informally known as the Creative Minds, will showcase the cultural diversity of their beautiful twin island Republic of Trinidad...
Youth Parliamentarians on Bridging the Digital divid

Youth Parliamentarians on Bridging the Digital Divide

With an increasing need for a digital presence intensified by the constraints of the global pandemic, Covid-19 has acted as a magnifying glass exposing the weak pillars on the bridge of digital transformation within...
A Different Kind of Christmas for 2020

A Different Kind of Christmas for 2020

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2020 has been a year for the history books.  Covid-19 came out of nowhere and turned the entire world upside down - masks have replaced smiles and social distancing has replaced hugs and human interaction....
LAUNCH OF NEW TOURISM DESTINATION WEBSITE

Planned Launch of New Tourism Destination Website For Trinidad

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Press Release Port of Spain, Trinidad – Sunday November 22, 2020 – Tourism Trinidad Limited (TTL) will unveil the new completely redesigned destination marketing website for the island of Trinidad on Monday, November 30 2020,...

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