CDB Tackling Poverty Throughout The Caribbean

CDB has welcomed the partnership with Canada and the EU Delegation with respect to reducing natural hazard risk and adaptation to climate change at the community level
CDB Tackling Poverty Throughout The Caribbean

The Caribbean Development Bank (CDB) has welcomed the partnership with Canada and the European Union Delegation to Barbados, as the institutions continue to pursue common development objectives, particularly with respect to reducing natural hazard risk and adaptation to climate change at the community level. 

That partnership was even more evident, when a Regional Workshop designed to examine the draft Enhanced Country Poverty Assessment (CPA) Toolkit and Monitoring and Reporting Framework (MRF), which is currently under preparation by a Team of Consultants, was held in Barbados.

Daniel Best, Director Projects Department at CDB, addressed the workshop at the Accra Beach Resort and said the toolkit and MRF are critical to guiding Borrowing Member Countries (BMC) in implementing all aspects of the Enhanced CPA. 

He added that the intended outcomes of the Enhanced CPA Programme which was officially launched in 2016, are in keeping with CDB’s mandate of systematically reducing poverty in its BMC through social and economic development. 

“Since 1995, CDB has implemented five CPA Programmes and provided assistance to 13 BMCs.  Through these programmes, BMCs have developed multiple social and poverty data sets and indicators, that continue to be used for the formulation and implementation of national development policies and strategies,” he explained.

Best stressed that the CDB is committed to continuing assisting BMCs in the production of timely, high quality social and poverty data that can be used to assess and monitor different dimensions of well-being. 

Reflecting on the recent severe impacts of Hurricanes Irma and Maria on a number of the Bank’s BMCs, he noted that it shows the urgency to address these occurrences in a coordinated manner.

“The time is upon us to mainstream approaches to reduce these vulnerabilities and attendant risks, and strengthen resilience of populations to bounce back as quickly as possible after impact,” a concerned Best said.

Given the geographically small size of a number of the Bank’s BMCs, he further stated that such impacts affect significant segments of the population and in particular, the poor and vulnerable, who he noted tend to have little social capital and minimal resources, if any, to assist their recovery.

The workshop was hosted by the Community Disaster Risk Reduction Fund, administered within the Environmental Sustainability Unit, and Social Sector Division of CDB, with support from Global Affairs Canada and the Delegation of the European Union to Barbados, the Eastern Caribbean Countries, the OECS and CARICOM/CARIFORUM.  

Source/Loop News Barbados

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