Building Resilient Cities

Based on Post Disaster Needs Assessments conducted following the passage of Hurricanes Irma and Maria in 2017, the affected borrowing member countries (BMCs) will require almost USD800 million for recovery, the focus being on “building back better”.

In the context of the urban environment, the critical areas that drive resilience are economy, governance,  society and environment.  Thus, to build resilient cities, behaviour must change. This seminar will explore how CDB’s BMCs can build adaptive capacity through knowledge sharing and the identification of strategic responses for co-creating urban resilience within the region. Further, the discussion will seek to provoke thoughts of building resilience through behavioural change and facilitate knowledge transfer through discussions on  four of the seven Urban Sector Policy, Strategy and Operational Guidelines and strategy objectives – governance; social inclusion and security; mobility and infrastructure; and urban economy.

Air Transport Competitiveness and Connectivity

Good air transport connectivity is vital for increased competitiveness.  It boosts tourism by joining up the Region to its source markets.  It also contributes to growth in the wider economy through the movement of goods and services, as well as investment and ideas.

The CDB study examined the factors inhibiting connectivity and competitiveness in the regional aviation industry.  There was a gap analysis of factors negatively affecting competitiveness; an analysis of how these factors inhibit aviation connectivity; and how much they are costing the Region’s economies in lost output and employment.  The study made recommendations for overcoming connectivity deficits, and therefore improving performance.

Financing the Blue Economy: A Sea of Opportunity

Blue Economy industries play a substantial role in global commerce, and the importance of these activities is likely to increase as a growing more affluent population places more pressure on suppliers to develop new sources of food, energy, and minerals. Although extremely small and limited in land size, the Caribbean has vast maritime resources at its disposal.

CDB undertook a study of the Blue Economy to explore the potential for ocean based industries to increase economic growth and improve livelihoods in the Caribbean.  The policy recommendations made are aimed at improving the entrepreneurial ecosystem for Blue Economy initiatives and enhancing the investment climate.