The Caribbean Development Bank (CDB/the Bank) has approved US$232,000 in grant funding to strengthen the capacity of Development Finance Institutions (DFIs) across its Borrowing Member Countries, enhancing their ability to finance small and medium-sized enterprises (SMEs), climate resilience, renewable energy, and sustainable development. Sponsored | Article continues below ↓“Lending capital alone is not enough to transform economies,” said Dr. Isaac Solomon, Vice President, Operations, Caribbean Development Bank. This initiative will equip Development Finance Institutions with the technical expertise and digital tools needed to strengthen lending decisions, support innovation, and expand financing for enterprises that contribute to resilient and inclusive growth across the Caribbean.” Development Finance Institutions play a vital role in addressing financing gaps faced by SMEs, particularly in sectors that are often underserved by commercial lenders. “Development Finance Institutions play a pivotal role in unlocking investment for businesses that generate jobs, foster innovation, and build resilience.