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International lending institutions encouraged to work together

October 21st, 2022

The Barbados-based Caribbean Development Bank has pressed for international lending institutions to work together as global development partners.

The call was made by CDB President, Dr. Hyginus ‘Gene’ Leon, during the Finance in Common Summit (FiCS) in Côte d’Ivoire.

The event was co-organised by the African Development Bank and the European Investment Bank

Dr. Leon revealed at the meeting that it will take a hundred billion US dollars to assist borrowing member countries in building resilience, implementing transformation and achieving sustainable development.

He highlighted the challenges of small island developing states, especially those in the Caribbean, and called for a new deal to build resilient economies.

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