• The Global Transparency Resource
• Importance of Transparency
• IFI's Introduced
  • AfDB - African Development Bank
  • ADB - Asian Development Bank
  • BIS - Bank for International Settlements
  • BSTDB - Black Sea Trade and Development Bank
  • CDB - Caribbean Development Bank
  • CEB - Council of Europe Development Bank
  • EBRD - European Bank for Reconstruction and Development
  • ECB - European Central Bank
  • EIB - European Investment Bank
  • IADB - Inter-American Development Bank
  • IFC - International Finance Corporation
  • IMF - International Monetary Fund
  • IsDB - Islamic Development Bank
  • OECD - Organisation for Economic Co-operation and Development
  • WB - World Bank
  • WTO - World Trade Organisation

CDB Caribbean Development Bank (St. Michael, Barbados)

The Caribbean Development Bank plays an important role in the helping the nations of the region in their development. The bank is a private institution that is owned by its member nations. Most of the countries in Caribbean are members as are some developed nations that have interests in the region. The bank operates like any other bank would in the sense that they provide loans and earn money on the interest collected. The only difference is that the money is loaned to the member nations rather than individuals.

Like all development banks the main purpose of the Caribbean Development Bank is to aid in the development of the countries of the region. This includes not only economic development but also social development by encouraging investment in programs like education and poverty reduction. Most of this is done through loans provided to the member nations so that they can undertake the necessary projects. In some cases however the bank will take an equity position in a project. The money that is distributed by the bank is a loan and must be paid back with interest just like any other loan.

The other major role that the Caribbean Development Bank fulfils is that it helps to promote the region to potential investors. This includes investors both from within the Caribbean and those located in other countries. This is necessary since private investment is critical for economic growth. Unfortunately there are a lot of nations competing for investment dollars so the bank is important in promoting the region. They also play the role of the middleman by helping connect potential investors with businesses and projects that are in need of investment money.

One of the issues that has hampered the Caribbean in its development over the years is that the banking and credit facilities that exist in the region are somewhat underdeveloped. The bank is playing an important role in helping these banks to develop. They do this through both support and advice. Being able to provide them with the funds they need is important but the banks also need to learn the skills that are required of a modern bank. This is something that the Caribbean Development Bank can help them with since they have access to bankers in developed nations who can help.

Not only does the Caribbean Development Bank provide expert advice to the banks in the region they also provide it to the member countries. A lot of the projects that nations need to carry out as part of their development are quite complex and many of the nations in the region simply don't have the expertise to complete them. The bank can provide the technical assistance that they need so that they can evaluate any projects that they are considering to determine if they are feasible. They can also help to provide technical experts who can help to carry out the projects.