Barbados is among only four countries in the hemisphere – and the only one in the Caribbean – to have made the finals of a first-ever innovation award for a development project.
The Inter-American Development Bank’s (IDB) Superheroes of Development Award will go to either Barbados, Peru, Colombia or Honduras in recognition of an innovating solution and a valuable lesson learned by the agencies executing the project. The winner is to be announced at IDB headquarters in Washington next month.
Empowering the Labour Force of the Future was the Barbadian project, out of 86 entries from the IDB’s 26 borrowing member countries.
The finalists were judged to have 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 said in a statement. A panel of internal and external development experts made the selection.
“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 multilateral lender said.
The innovations in the finals are to presented during the IDB Knowledge Week.
The IDB said it planned to share these development success stories throughout Latin America and the Caribbean, “so they may contribute to ongoing projects, as well as to the preparation of new operations”.