5 Development Projects in SurinameThere are several important development projects in Suriname that are currently taking place to help the country positively progress. The United Nations Development Programme, the Caribbean Development Bank and the Inter-American Bank all currently have active development projects in Suriname.

Suriname’s economy is dependent on mineral resources such as oil, gold and bauxite as well as natural resources, due to the fact that four-fifths of the country is covered by tropical rainforest. The country as a whole, however, still needs help to keep its economy from faltering and to improve climate control.


The UNDP’s Projects

The United Nations Development Programme (UNDP) is one of the organizations that has implemented different development projects in Suriname to assist in the country’s needs when it comes to climate change. The UNDP currently has three active development projects in Suriname called National REDD+ Strategy, Suriname Global Climate Change Alliance and Strengthening the National Assembly of Suriname.

The National REDD+ Strategy project’s purpose is “to ensure success in continuing to preserve Suriname’s natural capital, enhance the value of forest-related services and benefits for its peoples and contribute to the international fight against climate change and the preservation of healthy ecosystems.”

The Suriname Global Climate Change Alliance project’s purpose is to support Suriname in improving its current climate change adaptation and mitigation efforts by providing more knowledge on the effects of climate change and developing tools that target adaptation measures, as well as strengthen capacities for mangrove conservation.

The Strengthening the National Assembly of Suriname project’s purpose is to provide best practices in parliamentary development, good governance, policy guidance and initiate capacity building initiatives.


The CDB’s Projects

The Electricity System Upgrade and Expansion Project is another development project in Suriname that has been created by the Caribbean Development Bank (CDB) and the government of Suriname. The project’s objective is to deliver a more reliable, efficient and sustainable electricity supply in Suriname.

When discussing the importance of the project to Suriname, Vice President of Suriname Ashwin Adhin said, “Our government will leave no stones unturned to achieve the objectives necessary to improve the energy sector. We will do this together with CDB and other important people and institutions.”


The IDB’s Projects

Inter-American Development Bank (IDB), which is the largest source of development financing for Latin America and the Caribbean, has also partnered with Suriname to create a developmental project to assist the country’s needs. The IDB Group Country Strategy with Suriname 2016-2020 project’s objective is to support Suriname’s economic stabilization.

This project is complemented by a longer-term view on the modernization of the public and private sectors in the country. Reducing subsidies, lowering public spending while protecting the social safety net, strengthening public administration and strengthening human capital are all important parts of the project’s focus.

Development projects in Suriname like the ones these organizations are implementing will continue to help the country of Suriname in its goal to become a thriving country.

– Kennisha L. Crawford

Photo: Flickr

Barbados is a sovereign island country in the Lesser Antilles situated left of the North Atlantic belt in the Americas. Poverty levels in Barbados have been at an all-time high since 2006. A study on poverty in Barbados from 1998 described the poverty line in Barbados as BDS$ 5,503 per capita per year. Approximately 7,000 households existed on income below this threshold, and poverty in Barbados affected about 13.9 percent of the country’s population at the time.

Poverty in Barbados tends to affect female-headed households at 60 percent, and poverty is concentrated in more urban areas of the country.

In 1997 the Caribbean Development Bank (CDB) worked with UNDP officials as well as the government of Barbados to launch a poverty alleviation program aimed at helping people living in poverty in Barbados. The concerns were that the most vulnerable parts of the population were not being helped, that measures put in place were only temporary, and that these measures did not affect the root causes of the problem.

Barbados currently has the lowest poverty rate in the Caribbean region as of 2007, but the rate is still significantly high at 14 percent.

As of 2014, poverty in Barbados continued to increase, and a Country Assessment of Living Conditions (CALC) survey conducted in the same year revealed rising levels of poverty in the country, with a 6 percent increase of households living below suitable living conditions.

Additionally, as of 2016, Barbados implemented the Strengthening Human and Social Development in Barbados Project 2016 program as a means to properly measure variables that impact poverty in Barbados. The program is expected to serve as an interlinkage to the country’s already existing ISEE Bridge Programme, which aids those who are poor and vulnerable by providing opportunities for employment and training and decreasing poverty altogether in Barbados.

It will be interesting to see if Barbados remains the most prosperous nation in the Caribbean region while income is impacted by a weak tourism outlook and planned austerity measures.

Rochelle R. Dean

Photo: Flickr