Caribbean Development Bank

Direct (Regional)

Type: Direct (Regional)
Date approved: 13 Oct 2016
Size: Medium
ESS Category: Category A, Intermediation 1
Fiduciary standards: Basic, Project management, Grant award, On-lending/blending (Loan), On-lending/blending (Equity)

The Caribbean Development Bank (CDB), is a regional financial institution with a mandate to support social and economic development in small island developing States in the Caribbean. The entity’s main functions are to assist its borrowing member countries (BMCs) in optimizing the use of their resources by:

Developing their economies and expanding production and trade;
Promoting private and public investment in the Caribbean region;
Mobilizing financial resources from both within and outside the region for development; and
Providing technical assistance