CARIBBEAN-FINANCE-CDB signs agreement with 2 X Global.

The Barbados-based Caribbean Development Bank (CDB) says it has joined 2X Global, a global industry group dedicated to increasing the volume and impact of capital directed towards women's economic empowerment worldwide. The CDB said it's participation in 2X Global will increase the region's premier financial institution's commitment, capacity, and investment in advancing gender equality in the region.

'We see this as a chance to advance the bank's mission in the Caribbean, which is to reduce poverty and transform lives through resilient, sustainable, and inclusive development,' said Isaac Solomon, CDB's Vice President Operations

'As the region's development bank and champions of gender-lens investing, we are excited to share our knowledge, lessons learned, and dedication to advancing gender-lens investing in the Caribbean. We also anticipate learning from other members to advance innovative and sustainable financial tools and solutions that will reach those who have the greatest need,' he added.

The chief executive officer of 2X Global, Jessica Espinoza, in welcoming the initiative, said 'we're really pleased to welcome the CDB and we're looking forward to working with them to deepen and widen the field of gender lens investing in the Caribbean and globally.

'Their membership underscores our shared commitment to advancing gender equity and inclusive finance and presents a great opportunity for mutual learning and collaboration,' Espinoza said.

The 2X Global criteria has established the standard for gender lens investing consistent with the bank's strategic policy objectives to improve gender equality data collection, scale-up development financing in developing countries...