Germany is one of the world’s largest donors of development aid.
Germany leads in achieving the Millennium Development Goals and provides development assistance throughout the entire world.
We work closely with the Caribbean Community (CARICOM) on many development issues including healthcare and access to clean water, and have already contributed more than 28 million US dollars to combating HIV/AIDS in the region.
Germany also cooperates with the World Bank and the Inter-American Development Bank, and is the third-largest non-regional stakeholder in the Caribbean Development Bank.
Germany has been a member of the Caribbean Development Bank (CDB) since 1989 and currently holds a 5.73 percent stake in the capital of the CDB. This makes Germany the third-largest non-regional, non-borrowing member. Germany supports the CDB’s stated aim of contributing to the harmonious economic growth and development of the member countries in the Caribbean and of promoting economic cooperation among them, having special and urgent regard for the needs of the less developed members of the region.
Enlarge image (© dpa/picture-alliance) Enlarge image Germany is the second-largest non-regional contributor to the Caribbean Development Bank’s Special Development Fund (SDF). Germany contributed 12.3 million US dollars to the seventh replenishment of the Unified Special Development Fund, a figure amounting to 6.57 percent of the total capital. This will allow low-interest loans and grants to continue to be given to the poorest member states of the Caribbean, helping them to help themselves and achieve greater independence from foreign assistance.