The Caribbean Development Bank & the UK-Caribbean Infrastructure Fund

Date: Thursday 14th September

Time: 11.00

Venue: British Expertise

On Thursday 14th September,  in collaboration with our partners, British Expertise, an exclusive meeting took place with two senior officials from the Caribbean Development Bank (CDB).

The delegation included:

  • Andrew Dupigny, Head of UKCIF at the CDB
  • Douglas Fraser, Head of Procurement, CDB
  • Department for International Trade staff from Barbados and Jamaica

About The Caribbean Development Bank

The Caribbean Development Bank (CDB) aims to be the leading catalyst for development resources into the Region, working in an efficient, responsive and collaborative manner with Borrowing Member Countries (BMCs) and other development partners, towards the systematic reduction of poverty in their countries through social and economic development.

The UK Department for International Development (DFID) will provide up to £300m grant financing from January 2016 to March 2020 to establish a UK Caribbean Infrastructure Fund (UKCIF) with the Caribbean Development Bank. The UKCIF will support eight ODA-eligible Commonwealth Countries and one ODA-eligible Overseas Territory to create critical economic infrastructure in the Caribbean to set the foundations for growth and prosperity, reducing poverty and increasing resilience to climate change.

The UKCIF will provide grants to build economic infrastructure in DFID’s focus ODA-eligible countries in the Caribbean: Antigua and Barbuda, Belize, Dominica, Grenada, Guyana, Jamaica, Saint Lucia, Saint Vincent and the Grenadines and the UK Overseas Territory – Montserrat. Capital projects as well as projects of a Technical Assistance nature are eligible for financing from the UKCIF.  Technical assistance interventions from feasibility, through to preparation, implementation and evaluation will be eligible. Of particular note are some imminent works contracting packages in the size range $50-135 million.