Early Warning System

Regions

Latin America and Caribbean

Geographic location where the impacts of the investment may be experienced.

Countries

Anguilla

Geographic location where the impacts of the investment may be experienced.

Specific Location

Anguilla

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

Caribbean Development Bank (CDB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Active

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Dec 1, 2013

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Government of Anguilla

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Construction
Education and Health

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Grant, Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 6.11 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Loan Amount (USD)

$ 3.20 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Grant Amount (USD)

$ 0.09 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 5.80 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Primary Source

Original disclosure @ CDB website

Updated in EWS Oct 20, 2023

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the CDB, the project will expand access, and improve quality and effectiveness, of post-secondary and tertiary education in Anguilla. This will lead to the enhancement of human resource capacity, contributing to the sustainable social and economic development of the country.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Caribbean Development Bank (CDB)

The information disclosed by the CDB is unclear. On project documents, it is stated that the CDB will provide a loan of USD 3.2 million and a grant of USD 0.09 million. The Government of Anguilla will contribute with USD 2.5 million.
However, on the project disclosure page, the approved total amount is USD 6,108,000.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated on the institution's website, the Community College Anguilla is the first indigenous, tertiary education institution on the island of Anguilla, which is the most northerly of the Leeward Islands in the Caribbean.

Quality Construction Limited is a small construction company based in The Valley, Anguilla

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Community College Anguilla	Client	Education and Health

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

CDB Team Leaders:

Deidre Clarendon - Officer-in-Charge, Projects Department
Email: clarend@caribank.org
Phone: +246 431-1656

Stephen Sandiford - Portfolio Manager (Ag.), Social Sector Division

Executing Agency - Community College Anguilla:

Address: 203 The Rogers Office Building, Edwin Wallace Rey Drive, George Hill, Anguilla AI-2640, P.O. Box 1650
Email: info@acc.edu.ai
Phone: +264.498-8395 / +264. 497-2538
Website: https://www.acc.edu.ai/

Contractor - Quality Construction Limited:

Address: The Valley P.O Box 413, The Valley, Anguilla
Phone: +1 264-235-4556
Email: cephasqc@hotmail.com

ACCOUNTABILITY MECHANISM OF THE CDB

Complaints about suspected fraud and/or corruption may be submitted to the Office of Integrity, Compliance and Accountability. Allegations may be made by a variety of sources including staff, consultants, contractors, and other persons who may consider themselves participants in, witness to or victims of wrongdoing.

To make a complaint, access the following webpage: https://secure.ethicspoint.com/domain/media/en/gui/55678/index.html.