CIBC Caribbean's MOUs

Advancing the development of the economies and people of the entire Caribbean region

To advance the development of the economies and people of the entire Caribbean region, educational programmes must be expanded and enriched wherever possible.

That's why CIBC Caribbean has cultivated education partnerships throughout the Caribbean through Memoranda of Understanding (MOUs). These MOUs help our Bank to positively contribute to the sustained growth and development of a vibrant, efficient and effective banking and financial services sector in the region.

This stimulates and supports business development, inter-regional and international trade and better positions our Caribbean community to compete in a global market.

At present, CIBC Caribbean has MOUs with:

The University of the West Indies

The MOU covers several areas of collaboration including:

The advancement of knowledge and the understanding of issues affecting business, trade and financial services in the Caribbean context
Support and development of UWI students from around the region through scholarships and assisting young graduates in the transition from University
Enhancing research in Banking and Finance

CIBC Caribbean and the UWI agree that a very important contribution can be made to Caribbean development if a research culture can be fostered in the region that brings together the interests of University academics with those practicing in the field.

Both parties have agreed to promote the conduct of research on issues of importance to the banking and financial services sector. CIBC Caribbean continues to provide funding to support this research which is awarded on a competitive basis to researchers on all three campuses of the UWI.

The MOU with the UWI was first signed in 2003 and is the longest MOU governed partnership the bank has to date.

The Young Men’s Christian Association

The ComTrust Foundation joined forces with the Young Men’s Christian Association in 2018 to support the YMCA after school programmes with scholarships for underserved youth, training opportunities for staff, sharing of promising practices, resources, and tools, and overall programme enhancement in six (6) YMCA chapters across the region. These are:

Barbados YMCA
YMCA of Grand Bahama
YMCA of Jamaica
YMCA of the Cayman Islands
YMCA of Trinidad and Tobago

The memorandum runs until 2020 in the first instance.

Hospital for Sick Children Caribbean Initiative

CIBC signed an MOU with the Hospital for Sick Children’s Caribbean Initiative – a regional foundation - in 2013. This MOU commits the bank to donate US $1M over a seven-year period. The Foundation’s contribution directly benefits nurses in the region through the provision of training. The hope is that through this project, the diagnosis and care of children affected by cancer and blood diseases such as sickle cell anaemia will be improved.

The King’s Trust

The ComTrust Foundation joined forces in 2020 with The King's Trust to train young people through Get Into—the programme’s flagship employability programme.

In addition to Get Into, the Foundation also supports their Get Hired programme —a one-three-day event exploring interview techniques and offering opportunities for young people to apply for jobs with employers.

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