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    Find out the latest in cutting-edge research and development across ever-evolving sectors that could be the basis for the revolution of society. Discover how Caribbean thinkers and doers are moving the region forward in the 21st century.

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    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

    Technology, Education, and Innovation Latoyaa Roberts - 0
    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...
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    Youth Parliamentarians on Bridging the Digital divid

    Youth Parliamentarians on Bridging the Digital Divide

    Technology, Education, and Innovation Chrisette Benjamin - 0
    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...
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    Social Media: A Blessing Or Curse? Pt 2

    Social Media: A Blessing Or Curse? Pt 2

    Technology, Education, and Innovation Shiva Gosine - 0
    Last time we opted to leap into the prolific and controversial topic of social media’s place in society; largely focusing on the less stellar and redeeming features of its existence. These ranged from privacy...
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    Social Media: Blessing or Curse

    Social Media: Blessing or Curse?

    Technology, Education, and Innovation Shiva Gosine - 0
    The last decade has witnessed an enormous growth in the popularity of social media. Where some networks merely had a couple million users at the turn of 2010, these numbers are now in the...
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    E-Learning As A Standard For Caribbean Education

    E-Learning As A Standard For Caribbean Education

    Technology, Education, and Innovation Shiva Gosine - 0
    Recent events have shone somewhat of a spotlight on the development of e-learning. Forced to either stay indoors or avoid group contact, COVID-19 saw classrooms move to the digital realm for a time across...
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    Youthtime Application Call for Summer School 2020

    Technology, Education, and Innovation Latoyaa Roberts - 0
    Youthtime Application Call for summer school 2020 - Future Skills for Workplace Sustainability: Preparing for Transition. Even amidst the challenges of covid-19 globally, planning for a future with a sustainable workforce to cope with new...
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    Education

    Education As A Regional Northstar Part 2

    Technology, Education, and Innovation Shiva Gosine - 0
    In our last piece, we delved into the potential to develop human capital through educational reform. By assessing the success stories of economically diverse, advanced and successful nations, we saw how simple initiatives to...
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    Education as a Regional Northstar

    Technology, Education, and Innovation Shiva Gosine - 0
    The northern star has, for centuries, served as a guiding beacon for travellers and explorers finding their way. In much the same way, developing economies need their own inspired focus upon which to chart...
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    Not Too Young to Run a Business

    Technology, Education, and Innovation Latoyaa Roberts - 0
    Suhas Gopinath is an Indian entrepreneur and the Founder and CEO of Globals Inc., a multinational Web and IT solutions company that he created at 14 years old. He was once recognized as the...
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    The 21st Century World Of Work

    Morals and Ethics of Artificial Intelligence

    Technology, Education, and Innovation Latoyaa Roberts - 0
    This year the Youth Global Forum will celebrate its fifth year anniversary. Under the theme of "Industry 5.0 vs. Inclusive Development: Where is the future?” in Amsterdam. Professor Liaoyuan Zeng an Associate professor at...
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