CDF Annual Report 2020

December 13, 2021

Global financial markets demonstrated some fragility at the beginning of 2020, as frictions between the US and Iran continued to raise concerns and questions regarding the threat to global oil prices. The impact of GDP reduction in China on global trade was becoming more evident, while the US economy, which directly affects economic prospects in…

Download File

CDF Annual Report 2019

December 13, 2021

Growth in major markets slowed in 2019, affected by the increasing uncertainty in global political affairs, creating an increasingly unstable global climate that would pose some challenges for the socioeconomic situation in CARICOM Member States. The ongoing trade impasse between the USA and China, with projected increased tariffs on Chinese goods, was expected to send…

Download File

CDF Annual Report 2018

September 2, 2019

Global economic expansion slowed in the second half of 2018 following two years of strong performance, tariff increases between the United and a rise in policy uncertainty in many of the leading economies. Global growth reached 3.8 per cent in second half of the year. In the advanced economies, well as policy uncertainty in many…

Download File

CDF Annual Report 2017

January 10, 2019

The global economy strengthened in 2017, reaching a growth rate of 3.8 per cent, largely on account of an expansion in global trade. This recovery was led by increased investment in advanced economies, strong growth in emerging Europe and emerging Asia, as well as renewed growth in many commodity exporting countries. In many emerging markets and developing countries growth was largely…

Download File


October 30, 2017

The CARICOM Development Fund (CDF) is committed to achieving its vision to lead in providing effective, efficient and sustainable solutions that address the challenges faced by disadvantaged countries, regions and sectors participating in the CSME. In so doing its mission is to assist Member States in maximising the benefits arising from participation in the CSME,…

Download File

CDF Annual Report 2016

October 26, 2017

The year 2016 was generally marked by subdued global growth and towards the end by uncertainty in the global economy, brought on in particular by the outcome of the US elections and the United Kingdom’s decision to exit the European Union. While it was largely felt that the risks of global recession had receded as…

Download File

CDF Annual Report 2015

January 29, 2016

The year 2015 was in many ways a year of transition and consolidation for the CDF.  The Fund, which formalised its  first Country Assistance Programme (CAP) in September 2010, offcially closed its first cycle just under five years later in June 2015. The Board of Directors and Management during the course of the year took…

Download File

CDF Annual Report 2014

January 29, 2015

The year 2014 represented another fruitful and busy period for the CARICOM Development Fund (CDF). Projects were accelerated in existing and new areas, programmes were extended to include all benefciary countries, further strides were made in streamlining internal governance, and a solid base was established for the second cycle of operations. There was heightened interaction…

Download File

CDF Annual Report 2013

January 29, 2014

CARICOM Member States registered relatively sluggish real GDP growth of approximately 1.5 per cent on average in 2013, with several countries implementing deep fiscal and structural adjustments to stabilise their economies and build economic resilience. In this context, the CARICOM Development Fund (CDF) continued to focus its financial and technical resources on programmes aimed at…

Download File

CDF Annual Report 2012

January 29, 2013

The Board of Directors approached 2012 with a degree of trepidation, conscious that the volatile events of November and December of 2011, which put the global financial markets on edge, could be a harbinger of things to come in the New Year. The underpinnings of the   Eurozone crisis were still not satisfactorily addressed, growth…

Download File