INTRODUCTION

The 2021 DER is the second annual report on CDB’s corporate performance for the 2020-2024 period. It tracks recent regional development progress from combined efforts of BMCs, the private sector, and development partners, as well as CDB’s progress in achieving the priorities and targets set out in the 2020-2024 Strategic Plan and RMF, with the aim of informing how CDB’s performance can be improved.

To tackle CDB’s wide-ranging development goals, the Strategic Plan 2020-2024 focuses on three integrated development objectives within a resilience framework, namely, Building Social Resilience; Building Economic Resilience; and Building Environmental Resilience. These objectives are underpinned by 21 corporate priorities under eight areas – education and training, agriculture and rural development, water and sanitation, community development through the BNTF Programme, citizen security, economic infrastructure, private sector development especially MSMEs, environmental sustainability and energy. CDB’s strategic priorities and corporate priorities are supported by four cross-cutting areas – RCI, gender equality, good governance, and digital transformation. These are areas in which the Bank has a distinct comparative advantage.

The Strategy is anchored on four guiding principles, which reflect CDB’s comparative advantage and development mandate. The common thread of the principles acknowledges that ultimately, every intervention or activity in which the Bank is involved must be client-centric, results-focused and seek to transform lives in a manner that is inclusive, resilient, and sustainable. The principles are also informed by the centrality and interconnected nature of the SDGs and the development challenges and respective development solution.

The DER is underpinned by the Bank’s Corporate RMF, which includes 70 indicators divided into four levels. The RMF is designed to assess the Bank’s progress towards its strategic objectives using performance indicators that track progress towards CDB’s corporate priorities. Performance trends over the strategy period for these indicators are provided at Appendix 1. In addition, the Bank’s Corporate RMF is included in Appendix 2 and technical notes describing each indicator are provided in Appendix 3.

The 2021 DER is organised into two sections: (a) Section 1, Caribbean development progress, includes Level 1, which tracks progress at a regional level towards long-term development goals, including SDGs. Level 1 does not assess CDB’s performance, rather, it reflects the results of the combined efforts of BMCs, the private sector, and development partners. This information provides the context for CDB’s operations, in line with its strategies and policies; and (b) Section 2, CDB’s development effectiveness, includes Levels 2, 3, and 4, and tracks performance in relation to the RMF of the Strategic Plan 2020-2024. Level 2 focuses on how CDB contributed to national and regional development through the results achieved by recently completed and ongoing operations. Levels 3 and 4 measure progress towards enhancing the Bank’s operational effectiveness and efficiency over the five-year period.

The 2021 edition of the DER highlights CDB’s successes and achievements for the second year of the strategy implementation period. The document identifies areas that needed to be strengthened or revisited in order to meet the 2024 targets, improve service delivery and performance, and achieve the ultimate goal of transforming lives, with no one left behind.

LEVEL 1: 1:

CARIBBEAN PROGRESS TOWARDS DEVELOPMENT GOALS AND OUTCOMES