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Overview
The52nd Annual Meeting of the Board of Governors of the Caribbean Development Bank will take place June 1-16, 2022. The Annual Meeting will bring together the Bank’s highest decision-making body to discuss key development challenges facing the Region and innovative solutions. The Meeting will be held under the chairmanship of the Honourable Charles Washington Misick, Premier of Turks and Caicos Islands and CDB Governor for the British Overseas Territories.
The theme of this year’s Meeting is “Measure Better to Target Better: Adaptation and Resilience”, reflecting the Bank’s thrust to promote greater use of knowledge-based decision-making to anticipate and address the Region’s economic and environmental challenges. The schedule of events has been designed to span the gamut of sustainable development.
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SCHEDULE AT A GLANCE
Wednesday, June 1 10:00 a.m. –12:00 p.m.
Friday, June 3 10:00 a.m. –12:00 p.m.
Virtual via Hopin
Webinar
Regional Food Security: Streamlining Logistics To Bring Products To Market
Tuesday, June 7 10:00 p.m. –12:00 p.m.
Virtual via Hopin
Webinar
What Do the Global Sustainable Development and Net-Zero Agendas Mean for Caribbean Energy Transition
Thursday, June 9 10:00 a.m. –12:00 p.m.
Virtual via Hopin
Virtual via Hopin
Future Leaders Forum: Caribbean Youth for Innovation and Resilience (Youth FIRE)
A youth seminar designed to engage current and future leaders in the sustainable development conversation.
President’s Chat
Innovative Financing for Sustainable Development: What Can MDBs Do?
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DATE TIMELOCATION EVENT
Monday, June 13 9:00 a.m.Shore Club 298th Board of Directors Meeting
7:30 p.m.Grace Bay Club Welcome Reception
Tuesday, June 14
7:30 a.m. The Palms
CDB Management: Breakfast Meeting with 22nd William G. Demas Memorial Lecture Speaker
9:30 a.m.Shore Club Procedures Committee Meeting of the Board of Governors
10:00 a.m.Shore Club 39th Annual Meeting of Contributors to the Special Development Fund
2:30 p.m.Beaches Turks and Caicos Seminar Budgeting for Sustainable Develpment
7:30 p.m. Beaches Turks and Caicos 22nd William G. Demas Memorial Lecture
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DATE TIMELOCATION EVENT
Wednesday, June 15 9:30 a.m. Ritz Turks and Caicos Opening Ceremony of the Annual Meeting
• Remarks by Governors
• Remarks by the Chairman of the Board of Governors
• Address by the President
• Statements by Governors
Board of Governors and Directors Photograph Opportunity
12:00 p.m.Ritz Turks and Caicos Chairman’s Lunch
12:00 p.m.Beaches Turks and Caicos Other Delegates Lunch
3:00 p.m. Beaches Turks and Caicos Seminar
Measuring Vulnerability and Resilience for Small States: The Recovery Duration Adjuster
7:30 p.m.TBC Turks and Caicos Islands Cultural Evening
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EVENTS SNAPSHOT
Event: Webinar
Regional Food Security: Streamlining Logistics
To Bring Products To Market
Date and Location: Wednesday, June 1 | Virtual via Hopin
Media Opportunities:
• Livestreaming partnership
• Expert insights on:
• Inter-island trade, logistics and connectivity
• The current regional reality concerning food security and its impact on people and business with focus on Micro, small and medium-sized enterprises.
• How connectivity, productivity, regional institutions and the private sector can contribute to achieving food security targets
Event: Webinar
What Do the Global Sustainable Development and Net-Zero Agendas Mean for Caribbean Energy Transition
Date and Location: Friday, June 3 | Virtual via Hopin
Media Opportunities:
• Livestreaming partnership
• Expert insights on:
• How can Caribbean countries make a quantum shift in the deployment of sustainable energy?
• How can the Region accelerate growth in deployment of energy storage solutions to complement the installation of solar and wind?
• What are the solutions for accelerating development and deployment of new and existing innovative policy and regulatory instruments, business models and financing instruments to incentivize investment?
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EVENTS SNAPSHOT (continued)
Event: Future Leaders Forum: Caribbean Youth for Innovation and Resilience (Youth FIRE)
Date and Location: Tuesday, June 7 | Virtual via Hopin
Media Opportunities:
•Livestreaming partnership
•Feature the opening of the call for the CDB Young Leaders Network.
Event: President’s Chat – Innovative Financing for Sustainable Development: What Can MDBs Do?
Date and Location: Thursday, June 9 | Virtual via Hopin
Media Opportunities:
•Livestreaming partnership
•Features a discussion between the Presidents of four Multilateral Development Banks (MDBs)
• Dr. Hyginus ‘Gene’ Leon, President, Caribbean Development Bank
• Dr. Akinwumi Adesina, President, African Development Bank
• Dr. Werner Hoyer, President, European Investment Bank
• Dr. Mauricio Claver-Carone, President, Inter-American Development Bank
• Dr. Wm. Warren Smith, CD, Former President, Caribbean Development Bank
• Expert insights on:
• Significant development priorities facing their regions
• Critical role of MDBs in driving and coordinating reforms towards the achievement of the SDGs.
Event: Seminar
Budgeting for Sustainable Develpment
Date and Location: Tuesday, June 14 at 2:30 p.m. | Beaches Turks and Caicos
Media Opportunities:
• Livestreaming partnership
• Expert insights on:
• What are the main requirements to successfully map the SDGs into national budgeting and planning exercises?
• Building up to 2030, what would be the main short-term, medium term, and long-term objectives?
• How will CDB contribute to these timelines and what support can be expected to assist governments in financing such detailed frameworks and classifications?
• How can we prevent the SDGs from becoming another version of the MDGs with lack of reporting and missed targets?
• Is the Region able to achieve the commitments under the 2030 Agenda with only 8 years remaining?
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EVENTS SNAPSHOT
(continued)
Event: 22nd William G. Demas Memorial Lecture
Date and Location: Tuesday, June 14 at 7:30 p.m. | Beaches
Turks and Caicos
Media Opportunities:
• Livestreaming partnership
• Pre-event interview with Keynote Speaker – Dr. Akinwumi Adesina, President of the African Development Bank
• Expert insights on:
• The 2021 Caribbean Community (CARICOM)-Africa Summit
• Trade, investment, and financial linkages between Africa and the Caribbean
• Perspectives on driving and financing the common development goals of the two regions
Event: Opening Ceremony of the 52nd Annual Meeting of the Board of Governors
Date and Location: Wednesday, June 15 at 9:30 a.m. | Ritz
Carlton, Turks and Caicos
Media Opportunities:
• Livestreaming partnership
• Address by CDB President, Dr. Gene Leon
Event: Seminar
Measuring Vulnerability and Resilience for Small States: The Recovery Duration Adjuster
Date and Location: Wednesday, June 15 at 3:00 p.m. |
Beaches Turks and Caicos
Media Opportunities:
• Livestreaming partnership
• Expert insights on:
• Redefining how SIDS’ vulnerabilities are measured to increase access to concessional finance.
• Why CDB’s Recovery Duration Adjuster is a better option for Small Island Developing States (SIDS) than current vulnerability measures.
• How the Recovery Duration Adjuster (RDA) improves on the UN’s Multidimensional Vulnerability Index (MVI) approach.
Event: Closing Ceremony of the 52nd Annual Meeting of the Board of Governors
Date and Location: Thursday, June 16 at 11:45 a.m. | Shore Club
Media Opportunity:
• Livestreaming partnership
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EVENTS SNAPSHOT (continued)
Event: Media Conference
Date and Location: Thursday, June 16 at 12:45 p.m. | Shore Club
Media Opportunities:
• Livestreaming partnership
• Questions and Answers segment with CDB President, Dr. Gene Leon and CDB Board Chairman, Honourable Charles Washington Misick, Premier of Turks and Caicos Islands and CDB Governor for the British Overseas Territories.
Event: Recognition and Awards Ceremony
Date and Location: Thursday, June 16 at 7:00 p.m. | Beaches Turks and Caicos
Media Opportunities:
• Livestreaming partnership
• Recognition and salute to member countries for the role they have played in the Bank ’s growth and development.
• Each member country will be presented with a commemorative keepsake from the Bank, to mark the achievement of 50-plus years of partnering towards sustainable development of the Region.
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22ND WILLIAM G. DEMAS MEMORIAL LECTURE
The Lecture Series seeks to honour the thought leadership of CDB’s second President, William G. Demas, by bringing into the spotlight issues and initiatives of significance to the economic development of the Bank’s Borrowing Member Countries. One such initiative is an outcome of the 2021 Caribbean Community (CARICOM)-Africa Summit when Heads of State and Governments of CARICOM and Africa committed to deepen trade, investment, and financial linkages between two regions which already share strong historical and cultural ties.
This year’s William G. Demas Lecture will be delivered by Dr. Akinwumi A. Adesina, President of the African Development Bank Group (AfDB). AfDB has been playing a leadership role in the ongoing transformation of Africa through the implementation of its High-Five Strategy as well as the Boost Investment Programme to promote and accelerate social and economic development on the continent. AfDB can provide a significant platform to realise the aspirations of the CARICOM-Africa Summit, and therefore, becomes a natural partner for forging closer ties and stronger relations between the two regions.
The William G. Demas Lecture affords President Adesina a platform to share perspectives and his wealth of experience on driving and financing the common development goals of the two regions.
The Lecture takes place annually as part of the Annual Meeting of the Board of Governors of CDB and highlights the best intellectual discourse on topics of relevance to the Caribbean Region.
KEYNOTE SPEAKER BIOGRAPHY
Dr. Akinwumi Adesina
President of the African Development Bank
Often described as “Africa’s Optimist-inChief”, African Development Bank Group President Dr. Akinwumi A. Adesina (1960) is widely lauded for his visionary leadership and passion for Africa’s transformation.
Formerly the Nigerian Agriculture Minister, Dr. Adesina was first elected President of the African Development Bank Group on 28 May 2015. He was unanimously re-elected for a second five-year term on 27 August 2020. Dr. Adesina graduated with a bachelor’s degree in Agricultural Economics (First Class Honours) from the University of Ife (now Obafemi Awolowo University), Nigeria, in 1981. Dr. Adesina holds a master’s degree (1985) and a PhD in Agricultural Economics (1988) from Purdue University, United States of America, where he won the Outstanding Ph.D. thesis award for that year. Dr. Adesina won the prestigious Rockefeller Foundation Social Science Fellowship in 1988, which launched him into his international career.
A bold reformer, as Minister of Agriculture in Nigeria from 2011 to 2015
Dr. Adesina turned the agriculture sector of Nigeria around within four years. Under his tenure, Nigeria ended 40 years of corruption in the fertilizer sector by developing and implementing an innovative electronic
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wallet system, which directly provides farmers with subsidized farm inputs at scale using their mobile phones. Within the first four years of its launch, this electronic wallet system reached 15 million farmers, dramatically transforming their lives.
With Dr. Adesina at the helm, the African Development Bank Group achieved the highest capital increase since its establishment in 1964 when on 31 October 2019, shareholders from 80 member countries raised the general capital from $93 billion to a historic $208 billion. The African Development Bank Group responded boldly and swiftly to the Covid-19 pandemic. On 3 April 2020, the premier development finance institution launched a landmark $3 billion Covid-19 Social Bond followed by a Crisis Response Facility of $10 billion.
Dr. Adesina has been recognized with numerous awards. On 19 October 2017, the President was conferred with the World Food Prize, also known as the “Nobel Prize for Agriculture”. On 29 February 2020, he was named African of the Year 2019 by one million readers of the African Leadership Magazine. On 14 December 2020, the Academy of Public Health, the flagship body of the West African Institute of Public Health, announced Dr. Adesina as one of the winners of its 2020 Distinguished Fellowship Award for his successful efforts in helping Africa to curb the impact of the coronavirus pandemic.
On 2 February 2022, the President was conferred an Honorary Doctorate by the Federal University of Technology in Nigeria in recognition of his global leadership in agriculture, food security, development finance, and good governance.
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PRESIDENT’S CHAT SERIES
The President’s Chat is an initiative introduced in 2021 to create a public forum in which the CDB President engages with regional and global thought leaders and decision-makers in discussion about key development issues of relevance to the Borrowing Member Countries (BMCs), in layperson terms. The Chat offers an important platform from which the public can interact directly with leaders to improve their understanding of the issues, their role in the development process, and the means through which they can contribute to improving development outcomes. It also provides CDB with a vehicle for communicating how its work is improving, transforming, and sustaining the livelihoods of Caribbean people.
In the first President’s Chat, the CDB President was joined by Prof. Emeritus Dr. Compton Bourne, CDB’s Fourth President, in discussing the application of lessons of the past to addressing the current and future development challenges of the Region.
The Honourable Mia Amor Mottley, Prime Minister of Barbados and CDB Governor, was the special guest on the second edition of the Chat. Prime MinisterMottleytackledthesubject,“MarshallingFinanceforDevelopment” and examined options for funding the development priorities of the Region, with a view to enhancing macroeconomic stability and building more resilient and sustainable economies, especially in the wake of the COVID-19 pandemic.
For the 2022 Annual Meeting, the third President’s Chat will be conducted as a hybrid event in Barbados and will feature a discussion between the Presidents of four MDBs. The President of CDB will be joined by President Akinwumi A. Adesina of AfDB, President Mauricio Claver-Carone of the Inter-American Development Bank (IDB), President Werner Hoyer of the European Investment Bank (EIB) and Former President of CDB, Dr. Wm. Warren Smith, CD. In addition to discussing significant development priorities facing their regions, they will exchange views on the critical role of MDBs in driving and coordinating reforms towards the achievement of the SDGs.
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BIOGRAPHY
HON CHARLES
WASHINGTON MISICK, OBE
PREMIER TURKS AND CAICOS ISLANDS
The Honourable Charles Washington Misick is the 5th Premier of the Turks and Caicos Islands, Chairman of the Board of Governors of the Caribbean Development Bank (CDB) and CDB Governor representing the United KingdomOverseas Territories (a rotational position, which Premier Misick is holding for the second time).
Premier Misick has served TCI with distinction. As the Chief Minister (19911995) he presided over the Progress Through Partnership programme which became the bedrock of social and economic transformation of TCI, resulting in the establishment of the TCI Community College, the National Insurance Board and the transition of TCI to economic independence. He has also held a number of Ministerial portfolios throughout his civic
career, including Finance, Investment and Trade and Tourism. The Premier is currently Minister of Public Policy and Strategic Management.
The Premier has had a highly successful career in the private sector spanning a variety of fields, including Auditing and Accounting, Banking, Offshore Finance, Property Development, Resort Management and Real Estate Brokering through his forty-three-year-old company, Prestigious Properties Ltd.
His unabating passion for his country and the Caribbean is driven philosophically by his desire to empower people, protect and preserve their culture, and sustain their future.
Honourable C. Washington Misick has two postgraduate degrees - an MSc in Project Management from Salford University UK and an MBA from the University of Cumbria UK. He is also certified in public financial management, dispute resolution, and public policy analysis.
In 2000 he was made Officer of the Most Excellent Order of the British Empire (OBE).
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KEY MANAGEMENT BIOGRAPHIES:
DR. HYGINUS ‘GENE’ LEON PRESIDENT
Dr. Hyginus ‘Gene’ Leon is the sixth President of Caribbean Development Bank (CDB), the regional development finance institution based in Barbados. He was elected at a Special Meeting of the CDB Board of Governors held on January 19, 2021 for a five-year term, and assumed office on May 4, 2021.
Dr. Leon has over 30 years of experience in economic development and has directed macroeconomic and financial policy support to government authorities in Africa, the Middle East and Central Asia, and the Caribbean.
He worked with the International Monetary Fund (IMF) for more than 24 years, serving as Mission Chief for Tanzania, Zimbabwe, Nigeria, Bahamas, and the Gulf States of Oman, Qatar, and United Arab Emirates, as well as IMF’s Senior Resident Representative in Jamaica and Nigeria.
Prior to his engagement with the IMF, Dr. Leon was an Associate Professor at State University of New York at Old Westbury in the United States. He has also served as Director of Research at the Central Bank of Barbados and Country Economist at CDB.
Dr. Leon holds a Doctor of Philosophy (PhD) in Economics from the University of Southampton in the United Kingdom and a Bachelor of Science Degree (B.Sc.) in Economics from the University of London also in the United Kingdom.
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MRS. YVETTE LEMONIAS SEALE VICE-PRESIDENT (CORPORATE SERVICES) AND BANK SECRETARY
Mrs. Yvette Lemonias Seale was appointed Vice-President (Corporate Services) and Bank Secretary of the Caribbean Development Bank in May 2012. She is the first female in the Bank to have risen through the ranks from an entry level position to that of Vice-President.
As Vice-President (Corporate Services) and Bank Secretary, she is responsible, through her leadership, for the effective development and provision of advice and services relating to the Bank Secretariat function (including external relations with member countries) the Finance and Information and Technology Solutions Department, the Human Resources and Administration Department, the Legal Department and the Content Management and Disclosure Unit. She serves on all the senior management committees of the Bank and leads the team that interacts with the international credit rating agencies.
Mrs. Lemonias Seale joined the Legal Department of the Caribbean Development Bank in 1995 where she took up the post of Legal Counsel.
She was subsequently promoted to Deputy General Counsel in 2003 and to General Counsel, the Bank’s chief legal advisor, in November 2008.
She holds a Certificate in Legal Education from the Norman Manley Law School in Jamaica; a Master of Laws in Corporate Law from Cambridge University and a Bachelor of Laws from the University of the West Indies, Cave Hill.
She previously worked with Clarke & Co., a leading corporate/commercial law firm in Barbados, as a senior attorney-at-law, where her areas of focus included international finance and banking, alternative dispute resolution, intellectual property law, employment law and corporate secretarial matters.
FOCAL AREAS
• Responsible for legal, finance, IT, human resources and administrative affairs, and the Bank Secretariat.
• Manages external relations with member countries, donors and international organisations.
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MR. ISAAC SOLOMON VICE-PRESIDENT (OPERATIONS)
Mr. Isaac Solomon is the Vice-President (Operations) at the Caribbean Development Bank (CDB). In that position, he provides leadership and direction to the Economics and Projects Departments and the Corporate Strategy Division. In addition, he spearheads the Bank’s engagement with its borrowing members and development partners.
Prior to joining CDB, Solomon held senior positions at RBC Royal Bank, the Eastern Caribbean Central Bank and the Government of St. Vincent & the Grenadines.
Solomon has a varied background in education and training. He holds a BSc. (Hons.) degree from the University of the West Indies in Management, and a MSc. degree in Financial Management from the University of London’s Centre for International Education in Economics. He also holds the Certified Public Accountant (CPA) and Certified Fraud Examiner (CFE) designations.
Solomon held many directorships on the boards of a wide array of institutions across the region in the areas of finance, telecommunication, aviation among others. He has a long history of community involvement and served as District Governor for District 60B (Jamaica-Grenada) for the International Association of Lions Clubs in 2014/15.
In his more recent roles, Solomon provided strong leadership and support to multi-jurisdictional and multi-functional teams. He has been recognized by his team, his colleagues and other senior executives as a practical, thoughtful and motivating leader. He is considered a trusted advisor and strategist and is passionate about Caribbean development in all its dimensions.
FOCAL AREAS
Responsible for corporate planning and CDB’s lending and related economic activity.
• Corporate Strategy
• Performance
• Fin Tech
• Regional financial affairs
• Private sector
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MR. DANIEL BEST
DIRECTOR, PROJECTS
DEPARTMENT
Mr. Daniel Best is Director of the Projects Department at the Caribbean Development Bank (CDB). In this role, he is accountable for the management, pipeline development, appraisal and implementation of the Bank’s lending and technical assistance programmes across multiple sectors.
Since becoming Director in 2015, Daniel has been credited for consistently leading his team to deliver strong results, significantly contributing to the Bank’s achievement of its critical targets. Before being promoted to his current position, Daniel held various leadership roles within the Projects Department, through which he led teams to achieve impactful results through infrastructure development across the Caribbean Region.
Prior to joining CDB, Daniel was the Regional Project Manager for a multinational commercial financial institution, where he successfully led the implementation of the organisation’s regional infrastructure strategy.
Daniel is a Civil Engineer with a Master of Business Administration from the University of Durham and a Project Management Professional with over 25 years of experience.
FOCAL AREAS
• CDB projects
• Physical and social infrastructure
• Social support
• Education
• Gender
• Digitalisation
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MR. IAN DURANT DIRECTOR, ECONOMICS DEPARTMENT
Mr. Ian Durant is Director of the Economics Department at the Caribbean Development Bank (CDB). Ian previously served as Deputy Director and an Economist in the Bank.
He has done research on debt sustainability and debt restructuring and has worked on policy-based loans for Caribbean countries that involved debt restructuring.
Prior to joining CDB, Ian worked in the Research Department of the Central Bank of Barbados. He also worked at the Caribbean Regional
Technical Assistance Center (CARTAC) as Macroeconomics Adviser, where he managed technical assistance and capacity building in macroeconomic programming and policy.
Ian has a Bachelor of Science Degree from the University of the West Indies, Barbados, and a Master of Science Degree from the University of Birmingham, United Kingdom.
FOCAL AREAS
• Regional economies
• Economic data and analysis
• Economic policy matters
• Technical economic matters/issues
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CONTACTS
Ms. Camille Taylor
Head, Corporate Communications Unit
Direct: +1 (246) 539-1912 | Mobile: +1 (246) 266-5639
Email: camille.taylor@caribank.org
Mrs. H. Amanda Lynch-Foster
Corporate Communications Officer
Direct: +1 (246) 539-1886 | Mobile: +1 (246) 826-7107
Email: amanda.lynch@caribank.org
Ms. Cassie-Ann James
Corporate Communications Officer
Direct: +1 (246) 539-1969 | Mobile: +1 (246) 262-3982
Email: cassieann.james@caribank.org
Ms. Tonya Byer
Digital Communication Specialist
Direct: +1 (246) 539-1743 | Mobile: +1 (246) 826-3436
Email: tonya.byer@caribank.org
52 Annual Meeting of the Board of Governors | Caribbean Development Bank
Caribbean Development Bank
P.O. Box 408, Wildey, St. Michael Barbados, W.I. BB11000
Tel: (246) 539-1600
Web: www.caribank.org • Email: info@caribank.org
