By the Caribbean Journal staff

The Caribbean Development Bank’s board of directors has approved a country strategy for the Turks and Caicos Islands for the next four years, the organization announced.

The 2015-2018 strategy proposes financial support of $100.8 million for the territory from the CDB over the four year-period.

The country strategy paper was approved earlier this month, aiming to focus on social, economic and environmental challenges the country faces.

“CDB is a committed partner in helping the Government of Turks and Caicos Islands achieve sustained growth and development,” said Dr Justin Ram, Director of Economics, CDB. “The 2015 to 2018 strategy for Turks and Caicos Islands proposes solutions to meet some of the country’s most pressing development challenges. The strategy builds on Turks and Caicos Islands’ emergence from the effects of the global economic crisis and the Government’s implementation of a strong national reform program.”