WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved a Policy-Based Programmatic Loan (PBP) of US$150 million to strengthen energy security in Barbados. The program will help modernize Barbados’ electricity sector through reforms that foster a more competitive, resilient, and sustainable energy market, supported by coordinated regulation and private sector participation. It will also contribute to improving system stability and reducing energy imports. More than 135,000 electricity customers will directly benefit from the program through
WASHINGTON — Access to reliable, low-cost electricity is critical for driving growth and prosperity in the Caribbean. Declining energy costs now offer unprecedented opportunities to build more resilient economies and drive development, according to a new report by the Inter-American Development Bank Group (IDB Group). The Caribbean Economics Quarterly report, “The Price of Power: How the Caribbean Can Build a More Secure Energy System,” provides a comprehensive analysis of current capacity, consumption, costs, and prices of electricity across six IDB member countries of the Caribbean: The
The contest is accepting submissions until June 5, 2026 WASHINGTON – The Inter-American Development Bank Group (IDB Group) has kicked off the ninth Superheroes of Development contest in this World Cup year, tapping into the spirit of the world’s most popular sport to recognize the teams that, project after project, take to the field to fight for better lives in Latin America and the Caribbean. This year, Superheroes of Development spotlights values shared by both soccer and projects to improve lives in the region: teamwork, continuous learning from new experiences and evidence to improve
Program's two-year milestone yields new actions on cybersecurity, capital markets, and fiscal research PORT OF SPAIN, Trinidad and Tobago — The Inter-American Development Bank Group (IDB Group) launched three key regional initiatives on cybersecurity, capital-market integration, and fiscal policy under its regional ONE Caribbean program that aims to foster long-term stability and growth in the Caribbean. The new actions were presented during the ONE Caribbean Ministerial Dialogue in Port of Spain, Trinidad and Tobago, a high-level gathering that marked the program’s two-year milestone. Through
BRIDGETOWN, Barbados – The Inter-American Development Bank Group (IDB Group) has launched its Barbados Country Strategy 2025–2030, establishing a bold, forward-looking partnership to support the country’s development priorities over the next four years, with a financing envelope of up to $1.4 billion The new strategy is built on three pillars: Revitalize the Economy and Promote Inclusive and Sustainable Growth Enhance Social Resilience to Thrive in a Changing World Build Resilience and Promote Energy Transformation Under the first pillar, the IDB will lend support to simplify business
WASHINGTON — Caribbean economies have demonstrated notable resilience in the face of global economic headwinds, according to a new report from the Inter-American Development Bank Group (IDB Group). Strong performance in tourism and energy has anchored regional growth, although significant downside risks persist. The latest edition of the Caribbean Economics Quarterly, "How Are External Forces Impacting Trade, Growth, and Investment in the Caribbean?" offers a comprehensive analysis of the region's economic outlook. The study examines global trends and their implications on the economies of The
WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a US$200 million Conditional Credit Line for Investment Projects (CCLIP) to improve the resilience of potable water supply services in Barbados. Under this new program, the Board also approved an US$80 million first individual investment loan and US$4 million non-reimbursable financing from the IDB CLIMA pilot program. The program will support improvements in the reliability and operational efficiency of the Barbados Water Authority’s (BWA) water distribution system, as well as strengthen BWAs
WASHINGTON — Innovative financing solutions and public-private partnerships (PPPs) are key to unlocking the Caribbean’s development, according to a new report by the Inter-American Development Bank (IDB). Investment in smart, resilient, well-executed infrastructure projects will both help insulate the region from global economic shocks, as well as drive faster and more inclusive growth. The report, “Catalyzing Capital: Public-Private Partnerships for Resilient Growth,” provides a comprehensive analysis of the region’s infrastructure investment needs, the enabling environment for public-private
WASHINGTON — Barbados is enhancing access to finance for micro, small, and medium-sized enterprises (MSMEs) through a US$50 million loan from the Inter-American Development Bank (IDB). This program, supported under the IDB’s Flexible Financing Facility, aims to stimulate productive investments across the MSME sector. The funding will be used to provide loan guarantees through eligible financial intermediaries, enabling MSMEs to invest in areas such as property, facilities and equipment, infrastructure, and the adoption of new technologies, techniques, or processes. The program is expected to