The United Kingdom has given the green light to a replenishment of its funding to the Caribbean Development Bank with the issuance of a new Order for payments to the Bank’s Special Development Fund (SDF).
Late last week it was disclosed that under Section 11 of the International Development Act of 2002, the Order directed that an amount of up to £21 million be made available to the Bank in keeping with commitments relating to the tenth replenishment of the SDF. Last January, at a pledging conference, Britain had committed to maintaining its share of funding to the Bank’s Special Development Fund.