作者: admin

  • Seprod Foundation teams up with Mercy Corps, Home Depot for agricultural recovery effort

    Seprod Foundation teams up with Mercy Corps, Home Depot for agricultural recovery effort

    KINGSTON, Jamaica — Six months after Hurricane Melissa devastated small-scale agricultural operations across western Jamaica in October 2025, three collaborative partners have delivered targeted, life-changing support to hundreds of farmers in two hard-hit parishes. Seprod Foundation, working alongside global humanitarian organization Mercy Corps and home improvement retail leader The Home Depot, has distributed 40 custom agricultural recovery kits to farming households in Crawford, St Elizabeth and Seaford Town, Westmoreland, aiming to reverse catastrophic damage to local livelihoods.

    The two-day distribution initiative unfolded on April 15 and 16, 2026, rolling out resources curated specifically to address the most pressing gaps farmers faced after the storm. Each kit is packed with a full suite of practical, high-need supplies: heavy-duty land clearing and cutting equipment to remove storm debris, foundational hand tools for daily cultivation, specialized crop management inputs, and personal protective gear for farm workers. With these resources in hand, local farmers can now clear vegetation and debris from storm-ravaged plots, restart active cultivation, and begin rebuilding the steady income streams their families depend on.

    For many beneficiaries, the support arrives at a moment of deep uncertainty. “After the hurricane, a lot of us didn’t know how we would get back on our feet. These tools give me a chance to clear out and start planting again. It means I can start providing for my family again,” Steve Kameka, one of the participating farmers, shared in an official press release issued Friday.

    Lisa D’Oyen, Executive Director of the Seprod Foundation, emphasized that The Home Depot’s contribution was foundational to getting the initiative off the ground. “The support from The Home Depot has been instrumental in helping farmers take the first steps toward recovery,” D’Oyen explained. “Through our partnership with Mercy Corps, we are able to ensure that these resources reach the communities that need them most, while continuing to build a foundation for long-term resilience.”

    As the international lead on the project, Mercy Corps oversaw end-to-end procurement and logistical coordination of the donated kits, working side-by-side with Seprod Foundation to plan on-the-ground distribution and host community outreach sessions to connect eligible farmers with support. Allison Dworschak, Mercy Corps’ Caribbean Resilience Director, noted that local partnership has been critical to ensuring the response aligns with community priorities. “Our partnership with Seprod Foundation has been key to keeping our work across Jamaica grounded and connected to the real needs expressed by hurricane-impacted communities,” Dworschak said. “We look forward to continued partnership as we ready ourselves for next season.”

    This kit distribution is just one component of a broader, long-running recovery program focused on boosting agricultural resilience and shoring up food security across Jamaica’s hurricane-affected regions. Both Crawford and Seaford Town have been flagged as priority zones for sustained investment, as ongoing rebuilding work continues and farmers gradually work to reestablish stable, productive livelihoods.

    Seprod Foundation officials stressed that unmet need remains substantial across impacted farming communities, and reiterated that ongoing collaboration between local, international and private sector partners will be critical to expanding assistance and deepening long-term impact for hurricane survivors.

  • Davis ducks questions on publicly funded PLP gifts

    Davis ducks questions on publicly funded PLP gifts

    As the Bahamas approaches its upcoming general election, a growing controversy over the misuse of hundreds of thousands in public funds for politically tied Hurricane Dorian relief has put Prime Minister Philip “Brave” Davis under intense scrutiny — and he has repeatedly refused to address questions about the incident.

    The scandal centers on more than $200,000 in taxpayer money that was used to issue gift certificates distributed to residents of Abaco, a island chain still recovering from 2019’s Hurricane Dorian. Critics have alleged the vouchers, which bear the names of candidates and officials from Davis’ ruling Progressive Liberal Party (PLP), amount to criminal vote-buying just two weeks before voters head to the polls.

    When reporters from The Tribune attempted to question the prime minister Wednesday after he cast his vote in advanced polling, Davis declined every request for comment. A prior statement from Davis’ Communications Director Latrae Rahming had indicated the prime minister would address the allegations when speaking to reporters, but that commitment went unfulfilled.

    The exchange unfolded in chaotic fashion outside the Garvin Tynes polling station: Davis was flanked by a crowd of supporters as he exited, and an employee from the Office of the Prime Minister physically blocked the Tribune reporter from continuing to ask questions, while other members of the prime minister’s entourage formed a barrier around him as he walked to his vehicle. Davis, who also holds the cabinet position of Minister of Finance, did not respond to direct questions about whether he personally authorized the public expenditure, and quickly left the area after casting his ballot.

    Before declining to address the voucher controversy, Davis told reporters that his own voting process had gone smoothly, urged all registered residents to cast their ballots, and described early voter turnout as encouraging.

    Details of the voucher program were first reported by The Tribune earlier this week. Chris Lleida, chief executive officer of Premier Importers — the company that issued the gift certificates — confirmed that the entire $200,000+ cost was covered by the Ministry of Finance. Lleida added that the vouchers were requested as part of post-Hurricane Dorian relief initiatives, and issued in denominations of $200, $300, and $500, totaling more than $200,000 in public spending.

    The fact that PLP political candidates and party officials were listed on and involved in distributing the publicly funded vouchers has sparked widespread outrage among political observers and opposition leaders. The timing of the distribution has drawn particular criticism: it comes more than six years after Hurricane Dorian devastated Abaco, and just a fortnight ahead of the national general election.

    Michael Pintard, leader of the opposition Free National Movement (FNM), has called the incident an egregious violation of the law and demanded criminal charges be filed against those responsible. Pintard emphasized that the misuse of public funds for this purpose qualifies as a criminal offense under Bahamian election law, and noted that the situation is made even more serious by the involvement of Bradley Fox Jr, the PLP candidate for Central and South Abaco, who participated in distributing the vouchers despite holding no formal government position.

    Under the Bahamas’ Parliamentary Elections Act, it is a criminal offense to offer, give, or provide any form of money, gift, or benefit to a voter for the purpose of influencing their vote, or rewarding voters for a specific voting outcome. The law also bans providing benefits to sway election results in a candidate’s favor, or to encourage third-party campaign activity on a candidate’s behalf. Additionally, the statute criminalizes funding or knowingly facilitating vote-buying activities, including the provision or reimbursement of funds used for voter bribery.

  • Young investor Kristofer Madu opens doors to finance and tech for underserved youth

    Young investor Kristofer Madu opens doors to finance and tech for underserved youth

    KINGSTON, JAMAICA – For many young people growing up in underserved communities, high-growth careers in private equity, finance, and technology often feel out of reach, blocked by limited networks and a lack of early exposure to these industries. For 25-year-old private equity investor Kristofer Madu, changing that reality has become a life mission, driven by his own non-traditional path to success and his firsthand experience of the diversity gaps that still plague the investing world.

    Raised in Nashville, Tennessee, Madu originally set out to build a career as a rapper, cutting his teeth in the music industry before pivoting to finance. That early experience in entertainment taught him a foundational lesson: that long-term success in any field hinges on recognizing high-potential opportunities and learning to navigate complex, often unforgiving industry landscapes – a skill many young people from low-income backgrounds never get the chance to develop.

    Today based in San Francisco, Madu has built an impressive career at global private equity firm TPG, where he focuses on investments across technology, media, and entertainment. His track record includes contributing to dealmaking valued at over $150 billion. Even with this professional success, Madu has not lost sight of the barriers that keep marginalized groups out of the industry: as a Black professional of Jamaican and Nigerian heritage, he is keenly aware that he remains among the small number of Black leaders in private equity, an industry that has struggled for decades to meaningfully improve racial and economic diversity.

    To close the gap in early career exposure, Madu founded When We Grow Up, a nonprofit initiative dedicated to expanding the career ambitions of young people from underresourced communities. Through in-person school visits, targeted outreach programs, and mentorship connections, the organization introduces high school and middle school students to careers in finance, technology, and other high-impact fields that they may have never considered accessible.

    In recognition of his work both in investing and public service, Madu was named to the 2025 Forbes 30 Under 30 list in the finance category. In a recent public post to his Instagram, Madu shared the core belief that drives his nonprofit work: every child, regardless of the neighborhood or economic situation they are born into, deserves a fair shot at professional success. He noted that the next generation of transformative doctors, engineers, and financiers could come from even the most marginalized communities, if they are given the early guidance and opportunity to nurture their ambitions.

    Looking ahead, Madu has laid out aggressive expansion plans for When We Grow Up, with a near-term goal of launching programs across major U.S. hubs including Boston, New York, and cities across Florida. His long-term vision extends far beyond the United States: he aims to build sustainable career pathways that open up global opportunity for young people in developing nations around the world.

  • Questions raised over Fox’s conduct in campaign clash

    Questions raised over Fox’s conduct in campaign clash

    A viral campaign-season clash has put former NBA player turned parliamentary candidate Rick Fox under intense public and political scrutiny, after circulating footage showed him lunging at a local man during a heated dispute over public space for campaign tents. The confrontation, which unfolded on Wednesday in Garden Hills where Fox is running for a seat as Member of Parliament, sparked widespread debate online after the footage was picked up by major U.S. entertainment outlet TMZ, drawing international attention to the altercation.

    The widely shared video, which circulated publicly one day after the incident, captures the moment tensions boiled over during a disagreement over a pre-reserved spot for a campaign tent. The man involved, wearing a blue-and-yellow long-sleeve shirt, told Fox’s campaign team that he had already claimed the location for his own use. When Fox questioned whether his claim followed local event guidelines, the man dismissed the rules outright with an expletive-laden rejection. In response, Fox moved aggressively toward the man, forcing his campaign manager Carlyle Bethel to physically step in and restrain him as the situation escalated.

    Even as Bethel struggled to hold him back, Fox broke free of his manager’s grip, shouting that the opposing group were nothing but bullies. He then turned toward the person recording the video, flexed his muscles, and issued a public challenge, saying he was “right here for y’all, all day long.” Throughout the rest of the footage, Fox repeatedly labels those involved in the disagreement as bullies, as shouting matches continue between members of both groups.

    In the aftermath of the video going viral, Fox addressed reporters to push back against criticism of his actions, arguing that the circulating footage omitted critical context that preceded the confrontation. He claimed the incident was triggered by the man making violent threats against him, his campaign team, and Bethel specifically, framing his outburst as an act of self-defense and protection for the people working with him. “If you’re going to swear and threaten people’s lives, then I’m going to react. I’m going to defend my team, I’m going to defend myself, I’m going to defend anybody who is in the area,” Fox told reporters, adding that some local actors are accustomed to acting as bullies during campaign season, and that his campaign would not tolerate intimidation tactics. He also claimed that law enforcement had responded to the scene and charged the man involved with criminal offences related to the threats.

    However, official police statements directly contradict Fox’s account of the incident. Chief Superintendent Sheria King, a police department spokesperson, confirmed that no arrests or charges were filed in connection with the confrontation, and no evidence has been brought forward to support Fox’s claim that death threats were made against him or his campaign manager.

    The incident has raised urgent questions about Fox’s temperament and ability to serve in public office, as voters and political observers assess his conduct ahead of the upcoming election. What began as a local dispute over campaign logistics has quickly become a high-profile controversy that could shape voter perceptions of the candidate in the tightly contested Garden Hills race.

  • Long wait times and scenes of confusion plague advanced poll

    Long wait times and scenes of confusion plague advanced poll

    Long queues, multi-hour wait times, and widespread confusion during the Bahamas’ recent advance poll have thrown the Parliamentary Registration Department (PRD)’s preparedness into sharp question, stoking growing fears that the far larger and more complex general Election Day could face similar catastrophic dysfunction.

    The final ballot of the day was not cast until 10 p.m. – a full four hours after the official scheduled closing time of 6 p.m., marking a dramatic breakdown of the electoral process that unfolded against a backdrop of weeks of criticism from the opposition Free National Movement (FNM). Prior to the advance poll, the ruling government had repeatedly dismissed opposition concerns, defending the PRD’s ability to manage the election. This week’s voting, however, laid bare severe operational strain across polling stations nationwide: some electors waited more than five hours to cast their ballots, while countless others abandoned the process in frustration, and multiple locations kept voting open far past the official close to clear massive backlogs. Even some candidates from the ruling Progressive Liberal Party (PLP) were forced to acknowledge major shortcomings in the advance poll’s organization.

    Prime Minister Philip “Brave” Davis was visibly agitated during a visit to the Sadie Curtis polling location and declined to answer questions from press corps. Former PLP Cabinet minister and MP Leslie Miller, who accompanied Davis, told reporters he waited two and a half hours to vote at the Doris Johnson site, and called for a doubling of available polling space ahead of the general election. “It took me two and a half hours to vote today, okay, tremendous,” Miller said. Several other high-ranking PLP figures including Sebas Bastian, McKell Bonaby, Myles Laroda and Mario Bowleg echoed Miller’s call, noting that more space was urgently needed to reduce crowding, particularly for elderly and disabled voters. Bastian added that the problematic advance poll experience would guide necessary adjustments before Election Day.

    Operational issues were apparent from the moment polls opened at many locations. At Kendal Isaacs Gym, a site serving three major constituencies, delays began immediately when the exit door remained locked at opening, creating a massive bottleneck that sent lines swelling out into surrounding areas. Voter Tavia McIntosh said the check-in process inside the station functioned smoothly, but described the outdoor crowding as totally disorganized. “You see the crowd? It is unorganised,” she said. “I hope it [the general election] doesn’t be like this.” Commissioner of Police Shanta Knowles ultimately traveled to the site to intervene and restore order.

    At Thelma Gibson Primary School, voters reported widespread confusion over directional guidance, with many being sent to multiple wrong locations before finding their correct polling station. Seventy-six-year-old voter Cynthia Sealy told reporters she was redirected twice before reaching the correct spot. Other common complaints across sites focused on a lack of basic amenities for waiting voters, with many electors forced to stand for hours in direct sun without adequate shelter. At the CV Bethel polling location, FNM chairman Dr Duane Sands highlighted extreme overcrowding, noting that one advance polling room had been assigned to nearly 1,200 registered voters. “Perhaps one of the worst situations of the day is Bamboo Town has 1,200 people on the advanced poll, and one room,” Sands said. “One. One. One. So people have been waiting four, five, six hours. Okay?”

    Tensions boiled over at the HO Nash polling site after multiple people were permitted to cut in line, sparking loud protests from waiting voters who decried the process as unfair. Multiple elderly voters suffered medical distress amid the heat and long waits, with at least one voter fainting. A 75-year-old elector abandoned the line after just 45 minutes, saying he could not physically tolerate the conditions, and noted he had never seen such dysfunction in decades of voting. “This ain’t the first election these people been through,” he said. “They been through many and I ain’t never seen it like this.” Another voter, Michelle Dames of Mount Moriah, also left without casting a ballot, calling for systemic changes to better accommodate vulnerable groups. “Somebody just fell out over there from standing so long,” she said. “Even though some persons are trying to provide chairs, that ain’t cutting it.”

    Beyond basic operational management, FNM legal advisor Khalil Parker raised more serious procedural concerns. He pointed to reports of pre-signed ballots and completed counterfoils found before voters arrived at stations, the lack of a properly segregated voter list for advance poll participants, and a last-minute decision to allow electors with approved applications to vote even if their names did not yet appear on the official register. “So now, we have to deal with the fact that there’s going to need to be a reconciliation between those who voted, but were not on the register, and those who voted and were on the register to make sure that when we begin on election day, there is a mitigation or a correction or an updating of the official records at PRD, so that duplicating voters isn’t a substantive concern in that event,” Parker explained. He added that the FNM would demand an urgent meeting with PRD leadership to resolve all outstanding issues before the general election.

    Despite widespread cross-party criticism, the PRD has maintained it remains fully prepared for the upcoming general election, noting that Election Day will feature more polling stations, additional staffing, and expanded logistical support compared to the advance poll. The department acknowledged the delays and confusion, attributing the issues to an “unprecedented” level of voter turnout that outstripped official projections. “This is the first time in Bahamian history that this number of persons has participated in the advance poll, with especially strong participation among elderly voters,” the PRD said in a statement. The department added that it has launched an internal review to identify bottlenecks and will implement targeted adjustments to improve voter flow and inter-agency coordination before Election Day.

    Critics have already pushed back against the PRD’s turnout explanation, however, pointing out that all advance poll participants were required to pre-register, giving election officials an exact, advance count of how many voters were expected to cast ballots on advance polling day.

  • Golding congratulates Gaston Browne on general election victory in Antigua

    Golding congratulates Gaston Browne on general election victory in Antigua

    In a landmark outcome that has reshaped the political landscape of the Eastern Caribbean, Gaston Browne and his ruling Antigua and Barbuda Labour Party (ABLP) have secured a historic fourth consecutive term in office, following a decisive landslide victory in the country’s general election. Preliminary vote counts confirm the scale of ABLP’s triumph, with the party claiming 15 of the 17 contested parliamentary seats — a dramatic expansion of its narrow 9-7 majority won in the 2023 January polls.

    This unprecedented win cements Browne’s place in Antigua and Barbuda’s political history: he is the first prime minister of the nation to secure four straight general election victories since the country gained independence. The main opposition United Progressive Party (UPP) was left with only a single seat, which will be retained by party leader Jamale Pringle. On the island of Barbuda, the Barbuda People’s Movement held onto its local seat, with incumbent Trevor Walker retaining his position.

    Following the confirmation of the results, Mark Golding, Opposition Leader of neighboring Jamaica, issued a formal statement of congratulations shared via the social platform X. Golding extended warm wishes to both Browne and the entire ABLP for their successful campaign, noting that Browne’s return to office — a post he has held since first assuming leadership in 2014 — is a clear reflection of the ongoing trust and confidence the people of Antigua and Barbuda place in his leadership. Golding also shared his expectation of productive collaborative work with Browne’s new administration in the coming term, concluding his statement by wishing the incoming government success in delivering on its new mandate.

  • Seiveright welcomes passage of NaRRA

    Seiveright welcomes passage of NaRRA

    In the wake of catastrophic damage left by Hurricane Melissa, Jamaica has moved one step closer to a coordinated, accelerated recovery effort after the House of Representatives approved legislation establishing the National Reconstruction and Resilience Authority (NaRRA). Senior government official Delano Seiveright, Jamaica’s State Minister, has framed the bill’s passage as a transformative milestone for the island nation, which is grappling with one of the costliest natural disasters in its recent history.

    Early damage assessments put total losses from the storm at an estimated US$12.2 billion. More than 215,000 structures across the country suffered damage or complete destruction, and critical public services including schools, hospitals, and core transportation and utility infrastructure were knocked offline across wide swathes of the island. Coastal communities like Black River bore the brunt of the storm’s impact, facing near-total disruption to daily life and local economies.

    Seiveright emphasized that the unprecedented scale of destruction rules out a business-as-usual response. “This is not a normal situation. The scale of the destruction demands a structured, coordinated and urgent response,” he told lawmakers, warning that bureaucratic gridlock poses a far greater threat to effective recovery than procedural concerns. “After a disaster of this scale, the greater risk is paralysis,” he said.

    To address concerns about transparency and accountability, Seiveright outlined multiple layers of built-in safeguards designed to prevent misuse of funds and mismanagement. All NaRRA-led projects will require formal approval from the national Cabinet, and the Auditor General’s office will maintain continuous independent oversight. The authority is also mandated to submit public annual reports to Parliament, and a fully searchable public electronic register will list all approved projects to enable public scrutiny. Seiveright stressed that the new body is not intended to bypass standard governance processes, but rather cut through crippling bureaucratic red tape while retaining full accountability.

    The framework for NaRRA draws on hard lessons learned from major disaster recovery efforts around the world over the past 15 years. Seiveright specifically referenced slow, fragmented recovery efforts following the 2010 Haiti earthquake, Hurricane Katrina in the United States, and Hurricane Maria across the Caribbean, where uncoordinated systems left communities waiting years for core services to be restored.

    To date, the Jamaican government has already secured roughly US$6.7 billion in international and domestic financing for recovery efforts, and initial work to restore critical infrastructure has helped stabilize public and investor confidence. Seiveright added that NaRRA is not a permanent new government body: it is established as a time-limited entity, overseen by a multi-stakeholder national committee chaired by leading economist Professor Peter Blair Henry.

    “Jamaica cannot afford delay. We must act, and we must deliver,” Seiveright said. The NaRRA Bill now advances to the Jamaican Senate for its final vote before it can be signed into law.

  • Landslide victory for Antigua and Barbuda Labour Party in general election

    Landslide victory for Antigua and Barbuda Labour Party in general election

    In a high-stakes political gamble that paid off spectacularly, Gaston Browne and his ruling Antigua and Barbuda Labour Party (ABLP) secured a historic landslide victory in an early general election held Thursday, granting Browne an unprecedented fourth consecutive term as prime minister. The snap poll, called almost two full years before the country’s constitutional deadline for elections, delivered a resounding mandate to the ABLP that dramatically expanded its narrow hold on parliament from the 2023 vote.

    Preliminary official results from the Antigua and Barbuda Electoral Commission (ABEC) confirm the ABLP won 15 of the 17 contested parliamentary seats, a stark reversal of the razor-thin 9-7 majority the party scraped together just 18 months prior in January 2023. The overwhelming win marks a defining moment in the nation’s political history, as Browne becomes the first head of government in Antigua and Barbuda to win four straight general election contests.
    Browne, who easily retained the St John’s City West constituency he has represented since 1999, struck a unifying tone in post-victory remarks to supporters and the public. In a statement posted to the ABLP’s official Facebook page, he acknowledged the magnitude of the public’s trust, writing, “We are humbled and honoured by your support and confidence. Now is the time to move forward together, build on our gains and continue our work on this long journey toward the betterment of our society and the upliftment of our people.”

    Addressing gathered supporters, Browne emphasized that his administration would prioritize inclusive growth and equal access to opportunity for all residents, regardless of political affiliation. “We are here to serve all the people of Antigua and Barbuda. Education, jobs, business opportunities will be open to all who are prepared to seize them,” he said. “No one will be left behind who is willing to move forward. And notwithstanding your political persuasion, this is not a time for laggards. This is a time for all of us to perform, to increase our productivity and to make sure that Antigua and Barbuda becomes one of the most productive small island states globally.”

    Browne noted that infrastructure and community development projects were already underway across the twin-island nation, and his incoming administration would build on that existing progress to advance new initiatives that improve quality of life and national pride. “We must remain a dignified people. We must not cower to anyone. We must not be timid. We must stand tall in every forum, every regional, and every international forum as Antiguans and Barbudans,” he added, rejecting calls for triumphalism after the landslide win. “So just in case anyone expected me to gloat, at the end of the day, the contest is over. From all indications, the people who have supported us to get between 15 of the 17 seats, that in itself is a resounding mandate for which we are eternally grateful.”

    Only two seats escaped ABLP control in the contest. Jamale Pringle, leader of the main opposition United Progressive Party (UPP), managed to defend his constituency, defeating ABLP candidate Anthony Smith to retain the party’s only seat in the new parliament. On the smaller sister island of Barbuda, incumbent Trevor Walker of the Barbuda People’s Movement (BPM) held onto his seat, earning 609 votes to defeat Kendra Beazer, a former BPM member running on the ABLP ticket, who earned 398 votes.

    Pringle congratulated the ABLP on their victory in a brief post-election statement, acknowledging the outcome while pledging the UPP would remain an active opposition force moving forward. “I want to thank all Antiguans and Barbudans who have supported the United Progressive Party. We’re indeed grateful and you will hear from us in a short time,” he said. Noting that “there’s no second place in politics,” Pringle added, “Just as we did in 2018, we’ll still be standing. We can’t get enough of the United Progressive Party. We’ll still be there.”

    Several high-profile candidates fell to defeat in the ABLP wave, including former finance minister Harold Lovell, who had come out of a brief retirement from active politics following his 2023 election loss only to lose again to Anthony Smith in the All Saints West constituency. Browne’s wife, incumbent Public Works Minister Maria Browne, also won her contest, handily defeating UPP candidate Ashworth Azille to take the St John’s Rural East seat. All three independent candidates running in the election failed to gain traction, losing their electoral deposits after falling well below the required vote threshold.

    Browne had framed the snap election as a necessary step to secure a new mandate to continue the socio-economic progress the ABLP has overseen since the party first took power in 2014, calling the campaign a “renaissance” for the nation. That strategic bet has now delivered one of the most lopsided election results in the country’s modern history, clearing the way for the ABLP to implement its full policy agenda over the coming term.

  • CDB holding discussions with Canada to provide additional funding for the Caribbean

    CDB holding discussions with Canada to provide additional funding for the Caribbean

    During a high-profile G7 finance event held in Paris, the Barbados-headquartered Caribbean Development Bank (CDB) has announced a series of groundbreaking financial collaborations and policy initiatives aimed at expanding its lending capacity and accelerating climate resilience investment across the Caribbean region.

    At the core of the new announcements is a landmark $200 million first-loss portfolio guarantee launched in partnership with the Government of Canada. Once all administrative and regulatory formalities are completed, this guarantee is projected to cut credit risk weighting on CDB’s balance sheet, unlocking a minimum of $400 million in additional lending capacity for the bank’s regional development projects.

    CDB President Daniel Best presented these initiatives to global finance leaders gathered at the Finance in Common G7 Special Event, framing the moves as part of the institution’s ongoing work to pioneer innovative financing models among multilateral development banks (MDBs). Speaking on the event’s theme “Instruments to Lower the Cost of Capital”, Best emphasized the unique structural challenges smaller MDBs face, and outlined how targeted balance sheet adjustments can overcome these barriers to expand support for borrowing member nations.

    One of the most notable existing success stories highlighted by Best is the bank’s pioneering Exposure Exchange Agreement (EEA), a $450 million transaction completed in partnership with the Central American Bank for Economic Integration. As the first agreement of its kind in the multilateral development space, the EEA has dramatically lowered concentration risk in CDB’s sovereign loan portfolio. Best reported that within just 12 months of the transaction’s completion, the bank’s concentration ratio for its top five borrowers fell from 61% to 38% — all without requiring any new capital injection from existing shareholders. For a small MDB where concentration limits often cap total lending volume, this adjustment immediately translated to expanded capacity to serve member countries across the Caribbean, he added.

    Best also used the Paris platform to showcase CDB’s collaborative leadership in tackling the region’s most pressing dual challenge: soaring national debt levels paired with extreme climate vulnerability. The bank is currently developing a multi-guarantor debt-for-resilience swap initiative alongside four major regional and global development institutions: the Inter-American Development Bank, the World Bank, and the Development Bank of Latin America and the Caribbean (CAF).

    By combining guarantee support from partner MDBs and private sector investors, Best explained, the initiative will create much-needed fiscal space for Caribbean nations to invest in proactive climate resilience infrastructure before extreme weather events strike — all without increasing countries’ net debt levels. The core objectives of the framework are to cut borrowing costs for participating nations, extend debt maturities, and enable long-term, forward-looking climate investment that protects vulnerable communities.

    To further strengthen its long-term financial stability and lending capacity, CDB is also developing a new innovative loss-absorbing tool: the Contingent Capital Facility (CCF), which is structured to qualify as regulatory tier two capital for the bank. Under this mechanism, highly credit-rated CDB shareholders will commit pre-agreed capital that will only be called upon if predefined economic or financial stress scenarios occur. The bank notes that this structure ensures capital support is contractually available exactly when systemic stress hits, strengthening CDB’s own financial resilience while protecting its investment-grade credit rating.

  • Barnaby back to best with dominant Legal Light Trophy romp

    Barnaby back to best with dominant Legal Light Trophy romp

    Three weeks after a underwhelming showing that left his form in question, American-bred Thoroughbred colt Barnaby cemented his comeback with a dominant, record-backed win at Jamaica’s iconic Caymanas Park on Sunday, April 26, 2026.

    Heading into the $1.4-million Legal Light Trophy, a 1,820-meter (nine furlongs and 25 yards) Open Allowance feature race, Barnaby carried plenty of doubt with him. His only prior attempt at this exact distance back in August 2025 ended in a fourth-place finish as the heavy 4-5 favourite, and just three weeks prior, he crossed the line in third place at the record-shattering 1,700-meter Ian Levy Cup, trailing front-runners Rideallday and Supernatural Power. What many wrote off as a sign of Barnaby’s true ceiling, however, was just prep work for his headline performance.

    Sent out under jockey Raddesh Roman for trainer Anthony Nunes, Barnaby turned the competitive feature race into a solo display of racing class. Breaking cleanly from the gate, he settled into a steady, comfortable pace through the first half of the race, with split timings of 25.3 seconds for the first quarter, 49.3 for the half, 1:14.1 for six furlongs, and 1:40.2 for the first mile. When Roman gave the colt just a light nudge at the 600-meter (three-furlong) marker, Barnaby accelerated away from the field effortlessly, crossing the finish line a full 7¼ lengths ahead of the competition with a final time of 1:54.2.

    Speaking on behalf of Anthony Nunes’ stable in the winners’ enclosure, Nigel Burke, the trainer’s nephew, confirmed that the dominant win was no happy accident – it was the result of a carefully planned training strategy tailored to the colt’s unique needs.

    “Today was a test to see if he could get back to his true form, and he showed up with outstanding class,” Burke told the Jamaica Observer’s *Supreme Racing Guide*. “He had trained really well coming into this race, we expected this performance. He logged a 49.1 breeze in maintenance training, which is just business as usual for a horse of his calibre.”

    Burke explained that high-class horses like Barnaby do not need grueling dawn workouts to stay race-ready. “With horses like him, you don’t push them too hard in morning training. You just keep them happy, keep them fit, and they show up on race day,” he said.

    The April 6 Ian Levy Cup, run over 8 ½ furlongs in a blistering new track record of 1:41.4, was a learning experience for the stable. While Barnaby finished third, he was never disgraced, beaten by two of the top Thoroughbreds in the country. The decision to drop back to Open Allowance company and stretch the race out to nine furlongs and 25 yards proved to be the perfect combination to unlock the colt’s potential, erasing the memory of his poor 2025 run at the distance. Where his first attempt at the trip fell flat, this second outing was nothing short of emphatic.

    Sunday’s victory makes one thing clear: the Ian Levy Cup was never Barnaby’s ceiling – it was his warm-up. His form is now validated, his competitive confidence is fully restored, and his racing trajectory looks clear. “Once he stays healthy and sound, I think he will only keep improving from here,” Burke added.

    In the final results, Girvano, ridden by Robert Halledeen, claimed second place, while Nunes’ second entry, Neo Star, ridden by Tajay Suckoo, rounded out the top three.