BRIDGETOWN, Barbados: Theย Caribbean Development Bank (CDB / the Bank) has reported a significant increase in project financing and disbursements for 2025, approving USD 464 million in new support. The milestone marks a 50 percent increase in financing over 2024. The bank disbursed USD 429 million, reflecting a 30 percent rise compared to the previous year.
Presenting highlights at CDBโsย Annual News Conferenceย on March 3, 2026,ย L. OโReilly Lewis, director of projects, outlined the bankโs expanded development footprint across its Borrowing Member Countriesย (BMCs) over the past year.
โAcross the Caribbean, CDBย continues toย supportย the transformation of our region.ย From energy security to climate-ready infrastructure, from water systems to world-class airports, these new investmentsย representย commitments to stronger economies, empowered people, and a Caribbean that is ready to compete on a global stage,โย Lewisย said.
CDBโs investment portfolio advanced major national and regional priorities, including USD 27 million for Belizeโs Eighth Power Project to modernise the electricity grid for about 114,000 households and businesses. In The Bahamas, the bank approved USD 30 million for Water Supply Improvements in the Family Islands, benefiting roughly 5,000 residents, and USD 6 million to create a Polytechnic and Accreditation Training Hub for more than 800 youth and graduates.
Elsewhere in the region, the bank provided USD 46 million to upgrade Saint Vincent and the Grenadinesโ Canouan Airport to strengthen climate resilience and connectivity; USD 8.7 million for Grenadaโs Battery Energy Storage System to enhance grid stability for over 90 percent of the population; and USD 47 million for Barbadosโ Grantley Adams International Airport Expansion, which will double passenger throughput and improve operations.
Despite ongoing challenges, CDB continued to deliver targeted investments supporting Haitiโs development. The Quality Enhancement Education Project improved learning outcomes for more than 17,000 primary and secondary students, half of them girls. In agriculture, a climateโresilient initiative trained 250 farmersโ48 percent womenโand introduced a 23.5โhectare irrigation scheme to boost productivity and protect livelihoods. Meanwhile, sustainable energy investments are expanding access to reliable electricity, with a new solar installation set to provide renewable power to over 2,000 rural customers.
The Basic Needs Trust Fund (BNTF), CDBโs flagship community development programme, delivered 92 subprojects across nine countries under its tenth cycle, strengthening essential services and resilience. Notably, it supported the first Special Education Needs School in Region 2, Essequibo, Guyana. Building on these achievements, CDB approved a USD 53.6 million BNTF Eleventh Cycle to be implemented over four years in ten countries.
CDB also advanced private sector initiatives focused on expanding opportunities for youth and women. Through the DigiLab Finance Programme, delivered with the IFC and the Caribbean Association of Banks, the bank improved data analytics and financial service delivery for more than three million people across ten institutions. Support for the cultural sector continued through the Cultural and Creative Industries Innovation Fund, which assisted 200 creatives in 14 countries and provided grants to 12 micro, small and medium-sized enterprises (MSMEs). Women entrepreneurs benefited fromย SheTrades Caribbean, which equipped 1,300 women-owned firms with training and market access.
The bank brought together regional partners across education, gender equality, risk management and sustainable infrastructure. The second transforming education symposium and policy dialogue resulted in the formation of the Caribbean Coalition of National ParentโTeacher Associations, strengthening parental engagement across regional education systems.
As the Caribbean continues to confront climate, economic and social vulnerabilities, the bankโs strategic focus remains on its core sectors โ transport, water and sanitation, education, and sustainable energy โ alongside a deeper focus on resilience and technology-driven service delivery.
โOur work in diagnosing implementation capacity challenges will be critical, ensuring that BMCs not only design transformative projects but also implement them effectively. Together, with our partners and the communities we serve, we will continue to deliver results that strengthen resilience and create lasting opportunities for our Caribbean people,โย Lewisย said.