Officials from the Caribbean Development Bank (CDB) will gather in St. Vincent and the Grenadines next week, for the First Formal Negotiation Meeting for the replenishment of the Bank’s Special Development Fund (Unified) [(SDF (U)].
The SDF (U) is the Bank’s largest pool of concessionary funds, which are used to address poverty and human development challenges throughout the Caribbean Region. The replenishment process is expected to be completed by the end of 2016.
The SDF (U) Negotiation Meeting takes place on March 10th, and will follow meetings of CDB’s Board of Directors, which will be held here from March 7th to 9th.
CDB expects more than 70 attendees at the Meeting, during which Bank officials will hold discussions with current and prospective contributors to the Fund.
“We appreciate the tremendous support of the Government and people of St. Vincent and the Grenadines in planning and coordinating the upcoming events, and look forward to successful outcomes from the meetings,” said Yvette Lemonias-Seale, Vice President (Corporate Services) and Bank Secretary, CDB, who has oversight of the meetings.