CDB facilitator - Richard Kitchen at the Hilton earlier today

The Caribbean Development Bank (CDB) is reviewing the performance of its lending to financial intermediaries and considering the future of this activity. The Bank held a regional workshop on this subject at Hilton Barbados.

The workshop represents one component of an ongoing consultancy designed to consider the overall relevance of CDB’s financial sector development strategy, particularly as it relates to the financing of financial intermediaries, given the nature of the prevailing needs in the Region. CDB works with financial intermediaries such as national development banks and commercial banks, in accordance with prevailing strategies and financial policies which guide CDB’s interventions in programmes/projects that assist the private sector.

The overall objective of the workshop is to obtain feedback from CDB’s client financial institutions (FI’s) regarding the future direction of CDB’s financial intermediary lending, with emphasis on its current and future relationship with development finance institutions and, most important, guidance in relation to new approaches to increasing access to finance to small and medium-sized enterprises in its borrowing member countries.

Approximately thirty senior officials from the Bank’s regional FI client portfolio and CDB staff took part in the workshop.

The hosting of this workshop facilitates a re-examination of CDB’s operational activity, highlighting the need for adjustments at both the operational and organisational level, to ensure that CDB retains its flexibility, strengthens its institutional comparative advantages, and takes advantage of synergies within the organisation, which reflect the changes in the economic and social landscapes of the Region.

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