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financial institution helping Caribbean nations finance social and economic programs, headquartered at Wildey, St. Michael, Barbados, established by an agreement signed on 18 Oct. 1969, in Kingston, Jamaica and entering into force on 26 Jan. 1970
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The Caribbean Development Bank (CDB) is a development bank that helps Caribbean countries finance social and economic programs in its member countries through loans, grants, and technical assistance. The CDB was established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, which entered into force on January 26, 1970. The idea for the bank originated from the 1966 Canada/Commonwealth Caribbean Conference.
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