The Caribbean Development Bank (CDB) is a development bank that helps Caribbean countries finance 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.[1] The permanent headquarters of the bank is located at Wildey, St. Michael, Barbados; adjacent to the campus of the Samuel Jackman Prescod Polytechnic. On September 21, 2018, the Bank officially opened its Country Office in Haiti, the first outside its Headquarters in Barbados. The Barbados headquarters serves all of the regional borrowing member countries with staff recruited from its member countries.
CDB's membership of 28 countries consists of 19 regional borrowing members, four regional, non-borrowing members (Brazil, Colombia, Mexico and Venezuela) and five non-regional, non-borrowing members (Canada, China, Germany, Italy, and the United Kingdom).
CDB's total assets as at December 31, 2021 stood at US$3.71 billion (bn). These include US$2.21 bn of Ordinary Capital Resources and US$1.50 bn of Special Funds Resources. The Bank is rated Aa1 Stable by Moody's, AA+ Stable by Standard & Poor's and AA+ Stable by Fitch Ratings. In 2021, the Bank approved loans and grants of US$269.5 million.
At the end of 2020, the total value of projects approved by the bank was US$122.6 million. This includes US$71.2 million in loans and US$51.4 million in grants.
^Staff writer (1970). "Treaty No. 10232. Agreement establishing the Caribbean Development Bank Kingston, 18 October 1969". Volume 712. United Nations. Retrieved 8 October 2020.
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