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IDB lends to CDB

IDB lends to CDB

November 25, 2021
US-based development bank supplies $50 mln for Caribbean nations to confront natural disasters and global warming

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The Inter-American Development Bank (IDB) said Wednesday that it granted a $50 million loan for the Caribbean Development Bank (CDB) to help member nations of the Organization of Eastern Caribbean States (OECS) confront natural disasters and global warming. CDB will re-lend the money for infrastructure projects and small and medium-sized enterprises (SMEs) in Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia and Saint Vincent and the Grenadines, the IDB said in a press r

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