The Caribbean Development Bank (CDB) is co-hosting the 22nd Annual Meeting of the Independent Accountability Mechanisms Network (IAMNet) in Barbados from October 6 to 9, 2025. This prestigious event, organized in collaboration with the Inter-American Development Bank’s Independent Consultation and Investigation Mechanism (MICI) and the Office of the Compliance Advisor Ombudsman (CAO) of the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency, has drawn nearly 70 accountability professionals from development finance institutions worldwide. Attendees include representatives from the World Bank, Asian Development Bank, European Bank for Reconstruction and Development, and other global financial entities. IAMNet, established to foster cooperation among independent accountability bodies, aims to promote best practices in addressing complaints related to development projects, particularly those concerning environmental and social impacts. CDB President, Mr. Daniel Best, emphasized the importance of accountability in development finance, stating, ‘As development challenges grow more complex, strong accountability frameworks become even more critical.’ The conference agenda addresses pressing issues such as the stagnation of Sustainable Development Goals progress, declining aid budgets, and climate-related disasters. Key topics include IAM policy reviews, safeguarding mechanisms for complainants, accountability in climate projects, technological innovations, and strategies to combat retaliation. A dedicated session on October 8 will focus on capacity building for civil society organizations, early conflict resolution, and strengthening collaborations between IAMs and development advocates. Mr. Best highlighted the critical role of accountability in the Caribbean, noting, ‘In the Caribbean, accountability isn’t a luxury; it’s a matter of survival.’ Since 2015, CDB has maintained the Office of Integrity, Compliance, and Accountability, ensuring institutional integrity and ethical practices through its Projects Complaints Mechanism and whistleblowing procedures.
Caribbean Development Bank hosts 22nd annual meeting for Independent Accountability Mechanisms Network
