In 2020, the Caribbean Development Bank (CDB) approved US$536.6 million in loans and grants for its Borrowing Member Countries (BMCs) to finance improvements in economic infrastructure, social resilience, policy-based initiatives and COVID-19 mitigation.
This total marked a 77% increase over the US$303 million approved in 2019. Loan financing accounted for US$380 million, up from US$253.7 million in 2019, while grant funding was US$156.6 million, more than double the US$49.3 million approved the previous year.
The Bank’s disbursements also rose in 2020 totaling US$357.4 million, a 17% increase on the US$304.9 million achieved the prior year. Loans climbed to US$283.2 million from US$231.5 million, while grants inched up to US$74.2 million from US$73.4 million.
The bulk of the financing approved in 2020 was for large-scale economic infrastructure projects including: