The Caribbean Development Bank is a regional financial institution, which was established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, and entered into force on January 26, 1970. The Bank came into existence for the purpose of contributing to the harmonious economic growth and development of member countries in the Caribbean, and promoting economic cooperation and integration among them, having special and urgent regard to the needs of the less developed members of the Region. Read more in the Agreement Establishing CDB.
The Caribbean Development Bank invests in the economic and social development of its Borrowing Member Countries. These investments, geared towards poverty reduction, span sectors such as agriculture and rural development, energy, and water and sanitation.