Sunday, April 14, 2024

Barbados and Haiti among finalists for IDB Initiative

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WASHINGTON – Two Caribbean Community (CARICOM) companies are included among finalists of the Inter-American Development Bank Group (IDB Group) six Superheroes of Development initiative, which honours creative and innovative solutions implemented in development projects financed by the group in Latin America and the Caribbean.

Social Safety Net for Vulnerable People of Haiti and Together We Build Strong Families of Barbados are among the finalists of the Superheroes of Development Initiative that recognises projects that, through systematic learning and by sharing and applying lessons learned, adjust to changing realities and generate applicable and timely knowledge that other teams can use.

The IDB Group said that this year’s contest had 141 submissions from 25 countries in the region, which is almost twice as many as in 2022.

It is part of BIDAcademy the IDB Group’s knowledge and learning platform, which is designed to share rigorous, cutting-edge knowledge in order to implement, monitor and measure IDB-financed projects more effectively.

The other finalists are from Peru, Ecuador and Chile with all the finalists being selected by a panel of IDB Group experts and participated in two categories, namely projects still underway (projects that have at least had an initial disbursement) or where the IDB Invest or IDB Lab client has received financing and projects completed since January 2016 that have either a Project Completion Report or an Expanded Supervision Report.

The IDB Group said that the panel paid special attention to projects that identify and share lessons and operational knowledge from their implementation.

“The finalists will present their projects to a panel of senior IDB officers on October 27 during the IDB Group’s Knowledge Week Two winners will be chosen, one in each category. The IDB will also spread the word of these success stories throughout Latin America and the Caribbean to improve projects already in progress and inform the preparation of new projects,” the IDB Group added. (CMC)

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