CDB on a path to reform, says President Daniel Best
IN MARCH 2023, the Caribbean Development Bank (CDB) came under fire from then Prime Minister, now Opposition Leader, Dr. Ralph Gonsalves who said that the financial institution drags it feet on matters relating to climate change.
Dr. Gonsalves said the CDB must acknowledge that they need to do more, do better, and move faster to help countries like St Vincent and the Grenadines (SVG). Commenting on the issue at a press conference earlier this month, CDB President Daniel Best, said the hard part for a bank or any institution or individual, is looking in the mirror and determining what they are not getting right.
“That is exactly what we have done at the bank, and it is what we have started to act on,” he stated.
“We have embarked on a path of reform, examining every stage of our project cycles. We are currently undergoing a governance review and assessment, as well as a MOPAN evaluation- the Multilateral Organisation Performance Assessment Network which is looking at all of our systems,” Best said at the CDB’s annual news conference in Barbados earlier this month.
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