Preparing Our People, Economies and Societies for the Future

1. PREPARING OUR
PEOPLE, ECONOMIES
AND SOCIETIES FOR
THE FUTURE
Mr. Isaac Solomon
Vice-President (Operations) 2023 Annual Press
Conference

2. “Behind the numbers are human lives”
2022 Over 65 CDB
projects
Policy
advice
Technical
leadership

3. Economic Review 2022
The Implications of A Post-Pandemic Economic Recovery Tempered by Global
Uncertainty
+20.6%
Commodity
Exporters
+10.3%
Regional
Growth
+4.6%
Service
Exporters

4. Economic Review 2022
The Implications of A Post-Pandemic Economic Recovery Tempered by Global
Uncertainty
10.7
5.6 7.8 10.0 8.5
2.6 4.6 4.2 6.0
-1.2
4.6 3.4
8.0 9.1
5.1 7.3
62.3
1.4
6.3
ANG ANT BAH BAR BZE BVI CAY DOM GRE HAI JAM MON SKN SLU SVG TCI GUY SUR TT
Service Exporters Commodity Exporters
Regional growth was supported by increased extra-regional airlift
(service-exporting economies) and vibrant energy production
(commodity-exporting economies).

5. Economic Review 2022
The Implications of A Post-Pandemic Economic Recovery Tempered by Global
Uncertainty
0
200
400
600
800
1,000
1,200
JAN
2019
APR JUL OCT JAN
2020
APR JUL OCT JAN
2021
APR JUL OCT JAN
2022
APR JUL
Thousands
Tourist arrivals January to August 2022
rose to nearly 70% of 2019 arrival
levels, up from 36% in the same period of
2021.

6. 39.9
85.8 86.1
119.8
97.3
10.7 9.4
94.0
64.3
25.7 27.6
82.4
3.7
42.6
83.1 84.1
101.1
64.1
0.0
ANG ANT BAH BAR BZE BVI CAY DOM GRE GUY HAI JAM MON SKN SLU SVG SUR TT TCI
Debt Threshold 2022
Economic Review 2022
The Implications of A Post-Pandemic Economic Recovery Tempered by Global
Uncertainty
0.8
-2.7
-1.1
0.3
58.3
71.4
65.6
58.4
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
-3.0
-2.5
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
2019 2020 2021 2022
PB (% of GDP) CG Debt (% of GDP)
Regional Average
Central Government
Debt (% of GDP)

7. Economic Review 2022
The Implications of A Post-Pandemic Economic Recovery Tempered by Global
Uncertainty
0
50
100
150
200
250
300
JAN
2019
APR JUL OCT JAN
2020
APR JUL OCT JAN
2021
APR JUL OCT JAN
2022
APR JUL OCT
Fuel Food Fertilizers
Source: World Bank
2.9
4.6
7.4
10.9
2019 2020 2021 2022
Regional Average Regional Average excl. Suriname
Inflation % (Period Average)
Commodity Price Indices (2010=100)

8. Economic Review
2022
As inflationary pressures cool,
the overall cost-of -of-living
remains higher than at the
start of the decade; with a
disproportionate impact on the
poor and vulnerable
population.

9. Haiti
CDB sustained its efforts to meet
Haiti’s development needs.
Interventions in:
education
climate resilient agriculture
disaster risk management
climate resilience
policy advice
2022 was an extremely difficult
year for Haitian people, who
continue to endure political
instability and insecurity.

10. Economic Review
2022
Even as economies emerge from
the Pandemic, youth may not be
fully able to participate in the
Labour market without targeted
strategies for retooling, reskilling
and retraining.

11. Economic
Outlook
5.7%
Regional Growth
projected in 2023.
8.1
3.7 3.5
4.0 3.6
0.9
3.2
3.9 3.6
0.5
4.2
3.6 4.0
5.3 5.5
7.1
21.2
2.5
3.4
ANG ANT BAH BAR BZE BVI CAY DOM GRE HAI JAM MON SKN SLU SVG TCI GUY SUR TT
Service Exporters Commodity Exporters
2023 Projected Growth Rates

12. “Advanced economies’ uncertain growth path and
tightening monetary policy threatens the Region's
access to adequate concessional development financing
."
Higher Interest
Rates
Weaker
Inward Remittance
Flows
Lower Foreign
Direct
Investments

13. CDB Project Performance
The Impact of and our Response to a Tempered Economic Recovery
Approved Grants and
Loans totaled
USD 158.1 million
(mn), 15% over the
previous year.
USD 112.5 mn
as grants, & USD
180 mn loans
Disbursements
totaled USD
292.5 mn

14. Project
Performance
The Impact of and our
Response to a Tempered
Economic Recovery
European Union-CARIFORUM
Economic Partnership Agreement
and
CARICOM Single Market and
Economy Standby Facility for
Capacity Building

15. Approved 9 projects; disbursed USD
25 million under the USD 50 million
Inter-American Development Bank
Global Loan Programme.
Project
Performance
The Impact of and our
Response to a Tempered
Economic Recovery

16. Let’s Reap – CDB, CARICOM
Secretariat and OECS
Commission, developed the
Learning Recovery and
Enhancement Programme (Let’s
REAP) for Caribbean Schools –
19 BMCs.
Project
Performance
The Impact of and our
Response to a Tempered
Economic Recovery

17. USD 570,000 for training of 3,000
teachers.
Project
Performance
The Impact of and our
Response to a Tempered
Economic Recovery

18. New
Partnerships
USD 50 million from Government of the
Italian Republic for a Programme to
Support Sustainable Development Projects
in CARICOM Countries.
EURO 14 million from the European
Union to implement the Caribbean Action
for Resilience Enhancement (CARE)
Programme.
USD 9.86 million from the Adaptation Fund to
implement the Building Resilience for Adaptation
to Climate Change and Climate Variability in
Agriculture in Saint Lucia Project.

19. Project
Performance
The Impact of and our
Response to a Tempered
Economic Recovery
Basic Needs Trust Fund (BNTF)

20. The Year Ahead
For financial resilience, we commit to supporting
comprehensive debt management strategies, public
financial management, and promoting access to
adequate and affordable financing
For social resilience, promoting gender equality,
women’s reintegration into the work force and the
prevention of discrimination, sexual and gender-
based violence; strengthening social protection
systems
For building production resilience, promoting a
private sector ecosystem that nurtures innovation,
diversification, financial inclusion of the most
vulnerable, MSME development, and enhanceing
economic infrastructure

21. The Year Ahead
For greater institutional resilience, key priority
actions in strengthening governance capacity to
deliver,, and to avert and manage crisis, protecting
the poorest in societies
Revolutionising digital infrastructure and technical
proficiency, promoting good governance, improving
evidence-based decision-making, and
mainstreaming the building of environmental
sustainability/climate change as cross-cutting areas