BRIDGETOWN, Barbados, Thursday August 30, 2018 – A project from Barbados is among four countries in the finals of the first edition of the Inter-American Development Bank’s (IDB) Superheroes of Development Award.
The Barbados entry, ‘Empowering the Labour Force of the Future’, was the only one from the Caribbean competing for the award, which recognizes the innovative solutions devised and valuable lessons learned by executing agencies while implementing projects.
There were four other projects – two from Peru and one each from Colombia and Honduras – in the finals.
The IDB had received 86 submissions for the contest from projects in its 26 borrowing member countries and in all areas of development. The finalists were selected by a panel of internal and external development experts who followed four criteria: pertinence of the execution challenge described; innovation; impact of the solution, and relevance of the knowledge that can be shared with other projects.
The IDB says the Superheroes of Development Award is part of an effort to improve the performance of IDB-financed projects through systematic learning and knowledge sharing.
The innovations in the finals will be showcased during the IDB Knowledge Week, scheduled for Washington D.C. in October, when the winning team will be announced.
The IDB said it will share the stories throughout Latin America and the Caribbean, so they may contribute to ongoing projects, as well as to the preparation of new operations.