Canada to host 54th Annual Meeting of Board of Governors of Caribbean Development Bank
News release
June 14, 2024 - Ottawa, Ontario - Global Affairs Canada
Next week, from June 17 to June 20, 2024, Canada will host the 54th Annual Meeting of the Caribbean Development Bank (CDB) in Ottawa with the theme Partnerships for Resilient Prosperity to advance a common vision to address global threats such as climate change.
The Honourable Ahmed Hussen, Minister of International Development and the current chairman of the CDB’s Board of Governors, will chair this meeting. The 4-day event will welcome over 300 participants from around the world, including government officials from both Canada and member Caribbean countries, representatives of partner organizations from Canada and the Caribbean, Indigenous representatives, youth delegates, academics and special invitees.
The event’s opening and closing ceremonies will be livestreamed on Global Affairs Canada’s international development social media accounts, and they will also be open to media.
As the CDB’s flagship event, the annual meeting will emphasize the importance of regional and international collaboration as a driving force for sustainable development. Conversations will focus on climate change, gender equality, economic growth, private sector engagement and financing, disaster preparedness and much more.
Quotes
“Canada is looking forward to welcoming delegates to the 54th Annual Meeting of the Board of Governors of the Caribbean Development Bank. This gathering will support a common vision of driving inclusive growth, tackling climate change and advancing progress for all. Together, we’ll continue to achieve great things.”
- Ahmed Hussen, Minister of International Development
“This annual meeting provides a vital opportunity to strengthen partnerships that can unlock transformative solutions for sustainable development across the Caribbean Development Bank’s borrowing member countries. By promoting collaborative approaches and exchange of expertise, we can identify practical strategies to catalyze economic growth, build resilience to overcome our vulnerabilities and prioritize inclusive prosperity for all Caribbean people and communities.”
- Isaac Solomon, Acting President of the Caribbean Development Bank
Quick facts
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Canada is a founding member of the CDB and is 1 of the bank’s 2 largest non-regional shareholders, alongside the United Kingdom (each hold 9.31% of total shares).
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Canada is the largest contributor to the CDB’s Special Development Fund, which provides low-interest loans and grants to support the poorest and most vulnerable Caribbean countries.
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The Caribbean Development Bank includes 19 regional borrowing countries, 4 regional non-borrowing countries and 5 non-regional non-borrowing countries.
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Canada has previously hosted the annual meetings twice, once in Halifax, Nova Scotia, (in 2008) and once in Toronto, Ontario, (in 1997).
Associated links
Contacts
Olivia Batten
Press Secretary
Office of the Minister of International Development
Olivia.Batten@international.gc.ca
Media Relations Office
Global Affairs Canada
media@international.gc.ca
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