In summary, CARICOM is a regional organization aimed at fostering economic integration, cooperation, and development in the Caribbean. The Caribbean Development Bank (CDB) plays a significant role in supporting CARICOM's objectives by financing development projects and initiatives that contribute to the region's economic and social well-being. Both entities work together to advance the interests and development goals of their member countries.

Explanation:

Question 1: Comparative Review of CDB and Other International Financial Institutions (IFIs)

Caribbean Development Bank (CDB):

Establishment and Purpose: The Caribbean Development Bank (CDB) was established in 1970. It is a regional financial institution that aims to promote economic and social development in its member countries, which include Caribbean and non-Caribbean countries. Its primary purpose is to reduce poverty and inequality, enhance economic stability, and foster sustainable development.

Overview and Performance:CDB provides loans, grants, and technical assistance to its member countries to support projects and programs in various sectors, including infrastructure, education, healthcare, and agriculture. It has been a key player in the development of the Caribbean region, financing projects that enhance economic growth and social well-being.

Real GDP Growth: The real GDP growth in the Caribbean region has been subject to fluctuations due to factors such as global economic conditions, natural disasters, and the COVID-19 pandemic. The CDB has worked to support its member countries during periods of economic challenges.

Projects Undertaken:CDB has financed a wide range of projects, including road construction, renewable energy initiatives, education and vocational training programs, disaster resilience projects, and initiatives to combat climate change. These projects aim to address the development needs of member countries.

Other International Financial Institutions (IFIs):

Other IFIs such as the World Bank, International Monetary Fund (IMF), and Inter-American Development Bank (IDB) also operate in the Caribbean region. World Bank:Provides financial and technical assistance for development projects globally, including in the Caribbean. IMF:Focuses on macroeconomic stability and fiscal policy advice. IDB:Supports development initiatives in Latin America and the Caribbean. Real GDP Growth Comparison: The real GDP growth in the Caribbean has varied across countries and regions. Some countries have experienced relatively stable growth, while others have faced challenges, including vulnerability to natural disasters and economic shocks.

QUESTION

COMPARATIVE REVIEW OF CBD AND OTHER INTERNATIONAL FINANCIAL(10 marks)

Tabulate the establishment and purpose of both the institutions, overview and performance, draw the real GDP growth for both the institutions and discuss the projects undertaken.

Please use the above information and research for more information and draw the real GDP growth for both the institutions and discuss the projects undertaken.