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HomeNewsLocal NewsBrowne Calls for 'Realignment' of the Caribbean Development Bank

Browne Calls for ‘Realignment’ of the Caribbean Development Bank

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by Clive Bacchus

St Kitts and Nevis (WINN): Chairman of CARICOM Gaston Browne says the region’s struggle with the fallout from the COVID-19 pandemic is raising questions about the future of the tourism industry.

Considered the most tourism-dependent region, the Caribbean has seen COVID-19 grind the travel industry to a virtual standstill since April 2020.

Mr. Browne, the prime minister of Antigua and Barbuda, is also calling for an evaluation /realignment of the region’s premier financial institution- the Caribbean Development Bank (CDB).

His sentiments echo those of Italy’s Alternate Governor at the CDB Stefania Bazzoni who offered remarks on behalf of non-regional members at the bank’s recent AGM.

The new president of the Caribbean Development Bank, Dr. Gene Leon, wants an evidence-based approach and renewed energy to lift the implementation deficit that has branded some regional initiatives.

The CDB, established in 1969 and operationalized in 1970, is tasked with helping Caribbean nations achieve sustainable economic growth and development.

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