The Development Bank of Jamaica (DBJ), through the participation of managing director Dr David Lowe, recently engaged in regional dialogue at the 55th general assembly of the Latin American Association of Development Financing Institutions (ALIDE), held in the Dominican Republic from May 12-13.

This year’s assembly brought together development finance leaders from across the region to examine their evolving role in addressing economic, environmental and social vulnerabilities.

Dr Lowe served as a panellist on the Caribbean-focused discussion, ‘Navigating Geopolitical and Climate Challenges – Empowering Caribbean Development Banks for Comprehensive Security’.

The session explored the strategic role of regional development banks in fostering resilience, particularly in small island developing states like Jamaica, where the intersection of climate risk, geopolitical pressures and economic recovery demands coordinated action.

During the panel, Lowe addressed the need for enhanced regional cooperation to tackle shared development challenges, emphasising the role of financial institutions in building climate-resilient infrastructure, promoting early warning systems and scaling climate-smart agriculture. He also highlighted the importance of multi-lateral and regional financial institutions in providing tailored support that meets the Caribbean’s distinct development needs.

“Caribbean development banks must not only adapt to current global realities but lead in shaping a secure, inclusive, and resilient future for our region,” said the DBJ managing director. “This requires collaboration across borders, consistent engagement with international partners and investment in solutions that prioritise both economic stability and environmental sustainability.”

The bank continues to play a pivotal role in advancing Jamaica’s sustainable development goals and remains committed to working with regional and international partners to support long-term resilience across the Caribbean.