2020 Special Development Fund Annual Report
In 4 individual photos, the report cover shows a man in a white, open shirt und grey T-Shirt, leaning over a computer in a depot hall; the portrait of senior citizen looking into the camera while standing in the wild; a pupil in a yellow shirt and a face mask at a desk; and a female construction worker with a white helmet and an orange vest, holding a walkie talkie in her hand.
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Summary

The Special Development Fund (SDF) was at the forefront of CDB’s response to COVID-19 in 2020: grants for personal protective equipment and reprogrammed, uncommitted resources for debt service, policy-based lending, social sector and micro, small and medium-sized enterprise assistance helped Caribbean people to cope with the pandemic.

The SDF resources continued to be deployed in key areas of development for Borrowing Member Countries. These ranged from disaster response, to the provision of critical infrastructure that underpins efficient and socially inclusive growth.

In 2020, the Fund turned in an outstanding performance in the final year of its ninth cycle. Loan commitments amounted to $173 million (mn), the highest recorded to date, while grants also performed favourably, with approvals totalling $22.5 mn.

Table of contents

Message from the President

Executive summary

Summary data sheet, 2016–2020

SDF 9 operational strategy

Introduction

Operational performance of SDF 9 in 2020

   Commitments

   Disbursements

   SDF 9 thematic and programme highlights

   Basic Needs Trust Fund – Achieving results during the pandemic

   Caribbean Technological Consultancy Services network

   SDF portfolio analysis

Reporting on SDF 9 results

Financial resources and programme levels

   Commitment authority

Financial performance and projections

   Financial results

   Notes, encashments, and drawdowns

   Financial projections

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