Caribbean Development Bank (CDB)

Mission Statement CDB intends to be the leading catalyst for development resources into the Region, working in an efficient, responsive and collaborative manner with Borrowing Member Countries (BMCs) and other development partners, towards the systematic reduction of poverty in their countries through social and economic development. Moving Forward The Bank will continue to work towards being more responsive to its clients, improving efficiency and strengthening its institutional capacity. In this regard a Strategic Plan has been prepared, which outlines the proposed medium-term strategic framework and direction for the Bank for the period 2015-2019.  Functions of the Bank The functions of the Bank are as follows: to assist the borrowing member countries to optimise the use of their resources, develop their economies and expand production and trade to promote private and public investment, encourage the development of the financial upturn in the region and facilitate business activity and expansion to mobilise financial resources from both within and outside the region for development to provide technical assistance to its regional borrowing members to support regional and local financial institutions and a regional market for credit and savings to support and stimulate the development of capital markets in the region Bank Organisation   The Caribbean Development Bank (CDB) is headed by the Board of Governors, which delegates oversight of Bank operations to the Board of Directors chaired by the President. The President is appointed by the Board of Governors and is responsible for the day-to-day business of the Bank. He is assisted by two Vice-Presidents and an advisory management team, comprising the Directors of each department.