Climate Change, Geo-Political Tensions, and Technology Take Center-Stage

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NASSAU , BAHAMAS – Climate change, geopolitical shocks, and technological disruption took center stage at the Caribbean Development Bank’s 56th Annual Meeting.

In its first meeting in The Bahamas since 2010, financial leaders from across the region say now is the time to act so that the Caribbean not only survives, but thrives for years to come.

The Caribbean Development Bank officially opened its 56th Annual Meeting Wednesday morning at the Baha Mar Resort.

But what is it, and why is it so important?

The event brings together heads of government, multilateral development bank presidents, global thought leaders, private investors, and Caribbean youth.

Its goal: to find solutions focused on sharpening implementation, aligning partners, and producing commitments that will shape Caribbean development for years to come.

Hosting and chairing this year’s meeting is Finance Minister Michael Halkitis.

Addressing delegates, he said despite challenges like climate change, he believes there is great opportunity.

Giving the keynote address was Caribbean Development Bank President Daniel Best.

In addition to climate change, he said geopolitical shocks and technological disruption are also challenges affecting the region.

The Caribbean Development Bank and The Bahamas have partnered for years. In fact, our nation is a founding member of the institution.

It’s that relationship, Prime Minister Philip Davis says, that must continue to thrive.