The largest beneficiaries of PBO lending have been the smaller and less developed members of CDB, in keeping with its charter. Approximately 53% of PBL ($454.1 million) was disbursed to smaller and less developed BMCs, with the remaining 47% allocated to more developed BMCs (Barbados, Jamaica, Bahamas, and Trinidad and Tobago). The single largest country beneficiaries were Barbados, with accumulated borrowing of $175 million, and Jamaica, with $135 million (Figure 5.2). Barbados received three PBO operations (in 2010, 2018 and 2019), while Jamaica received two (in 2008 and 2012). PBOs are supported by policy dialogue with the country and, if necessary, technical assistance (TA) to address bottlenecks in implementation and delays in disbursement.

ANG = Anguilla, ANT = Antigua and Barbuda, BAH = The Bahamas, BAR = Barbados, BZE = Belize, BVI = British Virgin Islands, GRE = Grenada, HAI = Haiti, JAM = Jamaica, SKN = St Kitts and Nevis, SLU = Saint Lucia,SUR = Suriname, SVG = St. Vincent and the Grenadines, TCI = Turks and Caicos Islands, T&T= Trinidad and Tobago.

Source: Caribbean Development Bank