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Daniel Best, director of projects, Caribbean Development Bank (Photo contributed)

CDB, UWI sign deal to showcase new Standby Facility

Daniel Best, director of projects, Caribbean Development Bank (Photo contributed)

The Caribbean Development Bank and The University of the West Indies have entered an agreement that will see the tertiary institution’s public education and information arm, UWItv, develop, produce and broadcast content on trade, co-operation and regional integration on behalf of the CDB.

The Caribbean Development Bank (CDB) and The University of the West Indies (UWI) have entered into an agreement that will see the tertiary institution’s public education and information arm, UWItv, showcasing educational and promotional products on trade, co-operation and regional integration on behalf of the bank.

Over the next two years, UWItv will provide production and multimedia support to the CDB’s Standby Facility by developing, producing and broadcasting content generated from CDB’s regional co-operation and integration-focused projects in 15 CARIFORUM countries.  

All the projects would have received support through the CARIFORUM-European Union Economic Partnership Agreement (EPA) and the CARICOM Single Market and Economy (CSME) Standby Facility for Capacity Building. The facility is funded by the 11th European Development Fund (EDF).

According to the regional bank’s director of projects, Daniel Best, the agreement allows for the deepening of the CDB’s collaboration with The UWI.

Caribbean Development Bank’s Director of Projects Daniel Best signing an agreement that will allow UWItv to develop, produce and broadcast content highlighting aspects of the CARIFORUM-European Union Economic Partnership Agreement (EPA) and the CARICOM Single Market and Economy (CSME) Standby Facility for Capacity Building.
(Photo courtesy of Caribbean Development Bank)

“This arrangement offers an opportunity to showcase the critical support being provided by the bank under the EU Standby Facility to strengthen trade and promote regionalism in areas such as agriculture exports, standards and port infrastructure. Trade fuels development and this engagement will allow us to demonstrate its impact on a regional platform in a manner that is easily understood and accessible,” he added.

As a result of the collaboration, citizens from across that region will have greater insight into the CDB’s Standby Facility — a €8.75-million resource that offers opportunities to 15 Caribbean countries to grow trade, deepen integration and economic involvement, and increase competitiveness, market access and exports by implementing targeted projects in thematic areas.

The agreement between the CDB and the UWI, which took effect in August 2020, ensures the promotion of a strategic regional project which fosters co-operation, strengthens institutions, and builds capacity, according to Luis Maia, head of cooperation, at the Delegation of European

“This is a critical element of the EU’s support to the development of the CSME and for the Caribbean region to take advantage of the trade benefits presented under the EPA,” Maia noted.

Janet Caroo, managing director, UWItv (Photo: Facebook @UWI, Cave Hill Campus)

UWItv’s Managing Director Janet Caroo, welcomed the opportunity to collaborate with CDB, which has over the years provided funding and other support to the multimedia agency. This undertaking allows UWItv to demonstrate some innovative multimedia products by providing coverage to various regional projects supported by the EU Standby FaAccording to Caroo, “since its inception in December 2016, UWItv has been committed to serving the public education needs of the Caribbean. We’ve nurtured a one-of-a-kind platform and we are pleased to leverage and extend our capacity in video, audio and live streaming production and support services to our wider Caribbean community through this partnership with CDB.”