The IDB has announced that their Group Country Strategy with Barbados 2025-2030 has been approved.
The IDB country strategy with Barbados for the 2025-2030 period aims to accelerate progress towards inclusive growth and resilience. The strategy is structured around three pillars that are mutually reinforcing:
- Further revitalize the economy and promote inclusive sustainable growth.
- Enhance social resilience to thrive in a changing world.
- Build climate resilience and promote energy transformation.
While the first pillar focuses on unlocking economic growth through higher productivity, the second and third pillars aim to build resilience. Increased resilience enhances the ability to withstand shocks, thereby mitigating the impact of economic downturns.
In addition, the country strategy includes three cross-cutting themes to be mainstreamed in the interventions, which are promoting gender equality and diversity, boosting innovation, and strengthening institutional capacity.
Carina Cockburn, IBB Country Representative for Barbados said:
Today marks another significant milestone in our relationship with Barbados with the approval of the IDB Group Country Strategy with Barbados 2025-2030. This achievement represents many months of hard work, research and analysis as well as extensive consultation within our organization, with the Government of Barbados and with civil society to formulate a vision of how IDB, IDB Invest and IDB Lab can best accompany Barbados on the next step of its development journey and contribute to improving the lives of all Barbadians.
Read more about Carina Cockburn, who assumed her role as Country Representative in October 2024.
Download the IDB Country Strategy 2025-2030 here.
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