Caribbean Development Bank (CDB)

Banque de développement des Caraïbes
Banco de Desarrollo del Caribe (BDC)

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Contact Details

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History

18 Oct 1969, Kingston (Jamaica), with the assistance of United Nations Development Programme (UNDP), on signature of an agreement which entered into force 26 Jan 1970. An Associate Institution of Caribbean Community (CARICOM). Has also been referred to as Caribank.

Aims

Contribute to harmonious economic growth and development of member countries in the Caribbean; promote economic cooperation and integration among members, with special and urgent regard to the needs of the less-developed countries of the region.

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Activities

CDB's Charter permits it to make loans to private sector entities without government guarantee and to invest in the equity of enterprises. CDB also gives technical assistance to governments, public and private sector enterprises in Borrowing Member Countries. Sector portfolio: transport, communication and sea defence - 24%; manufacturing and mining - 12% (loans to development corporations for small industrialists, to governments for industrial estates, and to large industrialists); social services - 11%; agriculture, forestry and fishing - 6% (farm improvement credits for small farmers, loans to governments for agricultural infrastructure and to large farmers); power, energy and water - 9% (loans to governments for electric power and water supply); tourism - 2% (loans to governments for tourism infrastructure and to hotel operators); multisector and other - 12% (including the environment, human resource development - loans to governments to be on-lent to students aged 15 and over for university courses, teacher training and technical and vocational training, poverty reduction; institutional strengthening). Of this portfolio, 22% is delivered through financial intermediaries in borrowing member countries. CDB also lends to national development banks and other financial institutions. It seeks to identify projects in productive sectors of the economy in less-developed member countries. Caribbean Technological Consultancy Services Network (CTCS Network), launched 1985, coordinates technical assistance to small and medium-sized manufacturing enterprises. Caribbean Business Enterprise Initiative (CBEI), launched 2001, provides alternative strategies for economic development in small states.

Structure

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Languages

English.

Staff

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Financing

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Relations with Inter-Governmental Organizations

Relations with 49 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 10 non-governmental organizations.
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Publications

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Members

Members in 26 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Commerce
    • Banking
  • Economics
    • Economic
  • Development
    • Development
  • Solidarity
    • Cooperation

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic GrowthGOAL 17: Partnerships to achieve the Goal

UIA Org ID

F4023

Last News Received

2017
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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