The boss of the Caribbean Development Bank is in Belize. He is here to chair the first formal negotiation meeting of contributors to the CDB’s Special Development Fund for the seventh contribution cycle. Basically the CDB will spend the 4 days – courting donors – in attempt to raise US$250 million to fund the bank’s special projects. It will all happen at the Biltmore Plaza Hotel which is where we met the bank’s President Compton Bourne. He gave us an overview of the meeting.
Compton Bourne, President- CDB
“This particular meeting is a meeting to start the process of negotiating for a very important part of the bank’s operation – the Special Development Fund which is coming to the end of its sixth cycle. We want to start the process of negotiating a new cycle and we brought to Belize representatives of the various contributors of the sixth cycle; representing Canada, the UK, China.”
His meeting will also include visits to CDB project sites in Belize. It concludes on Saturday.
