Early Warning System

Countries

Barbados

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

Specific Location

Bridgetown

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

Oct 15, 2015

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 Barbados

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

Sectors

Climate and Environment
Construction
Infrastructure

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.

Loan Amount (USD)

$ 6.88 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)

$ 0.25 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)

$ 10.44 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 11, 2023

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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 reduce flood risk in Bridgetown, Barbados.
The infrastructure works will comprise: (a) The installation of rock armouring and dredging of approximately 450 metres of the main drainage channel of the Constitution River; (b) Upgrading of the main drains connecting to the Constitution River and construction of a maintenance access ramp; and (c) Landscape works of the perimeter area.

The technical assistance will comprise: (a) Capacity Building of the Drainage Division; (b) Preparation of a Constitution River Maintenance Plan; and (c) The conduct of Climate Vulnerability Assessment on the Constitution River Catchment.

Investment Description

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

Caribbean Development Bank (CDB)

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 company's website, the Barbados Tourism Investment Inc. is a critical conduit to guide your Barbados investment experience by providing details on all relevant private sector and government agencies to help you better leverage your time and resources.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Barbados Tourism Investment Inc.	Client	Industry and Trade

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:

Mr. Andrew Dupigny - Director (Ag.), Projects Department
Email: dupigna@caribank.org
Phone: +246 431-1730

Mr. Daniel Best - Division Chief (Ag.), Economic Infrastructure Division
Email: bestd@caribank.org
Phone: +246 431-1734

Executing Agency - Barbados Tourism Investment Inc.:

Address: Ground Floor, Old Town Hall Building, Cheapside, Bridgetown BB 11142, Barbados
Phone: +246 426-7085
Fax: +246 426-7086
Email: btii@tourisminvest.com.bb
Website: https://www.barbadostourisminvestment.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.