Caribbean Development Bank

The Caribbean Development Bank (CDB) is a financial institution which assists Caribbean nations in financing social and economic programs in its member countries. CDB was established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, and entered into force on January 26, 1970. The permanent headquarters of the bank is located at Wildey, St. Michael, Barbados; adjacent to the campus of the Samuel Jackman Prescod Polytechnic. There are no other offices of the bank. The headquarters serves all of the regional borrowing member countries with staff recruited from its members.

CDB's membership of 27 countries consists of 19 regional borrowing members, three regional non-borrowing members and five members from outside of the Region.

As of December 31, 2014, CDB recorded total assets of USD2.61 billion (this includes USD1.38 billion of ordinary Capital resources and USD1.23 billion of Special Funds Resources). CDB has an “Aa1” with stable outlook rating with Moody’s Rating Agency, and an “AA/A-1+” with stable outlook rating with Standard and Poor’s Rating Agency. In 2014, the Bank approved loans and grants of USD269.5 million.

At the end of 2014, the bank had total equity of USD822 mn.

The United Nations launched Development Business in 1978 with the support of the Caribbean Development Bank, the World Bank, and many other major development banks from around the world. Today, Development Business is the primary publication for all major multilateral development banks, United Nations agencies, and several national governments, many of whom have made the publication of their tenders and contracts in Development Business a mandatory requirement.

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