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OAS and Caribbean Development Bank to cooperate to promote sustainable, resilient and inclusive development in the Caribbean

  November 16, 2023

OAS and Caribbean Development Bank to cooperate to promote sustainable, resilient and inclusive development in the Caribbean
Photo: OAS

The General Secretariat of the Organization of American States (OAS) and the Caribbean Development Bank (CDB) today signed an agreement to establish a framework for cooperation to promote the nexus between holistic development and the resilience ecosystem for joint efforts to reduce poverty and transform lives through sustainable, resilient, and inclusive development in the Caribbean.

After the signing ceremony that took place at the headquarters of the hemispheric Organization in Washington, DC, the President of CDB, Hyginus “Gene” Leon, said “I am extremely happy that we have advanced in the means through which we will be able to cooperate with one basic point in mind: advancing in the prosperity of the peoples of this Hemisphere.” “Whatever solutions we put in place today are solutions for tomorrow, which we know is fraught with difficulty and challenges, a future that can only be met if we can forge effective partnerships. For me this is the continuation, not beginning, of a relationship that has endured time,” he added

OAS Secretary General Luis Almagro said that, “Through this cooperation agreement we will be able to focus our actions on projects to develop innovative solutions to build sustainability and resilience in the region.” “The challenges we face in this region are beyond the capacity of any one organization acting alone and require multi-sectoral and multi-disciplinary approaches and solutions. By working together and pooling both financial and technical resources we will be better equipped to achieve our goals”, he added.

The signed initiative between the OAS and the CDB will strengthen the activities for the benefit of the Caribbean countries in areas such as transformative technologies for climate action, entrepreneurship in the cultural and creative industries, environmental resilience and disaster preparedness, advancing women entrepreneurship, and enhancing public procurement and institutional capacity.

Reference: FNE-143771