The Caribbean Development Bank is a financial institution which assists Caribbean

Caribbean

The Caribbean is a crescent-shaped group of islands more than 2,000 miles long separating the Gulf of Mexico and the Caribbean Sea, to the west and south, from the Atlantic Ocean, to the east and north...

 nations in financing social and economic programs in its member countries. Created on October 18, 1969, by a conference of eighteen countries and territories in Kingston

Kingston, Jamaica

Kingston is the capital and largest city of Jamaica, located on the southeastern coast of the island. It faces a natural harbour protected by the Palisadoes, a long sand spit which connects the town of Port Royal and the Norman Manley International Airport to the rest of the island...

, Jamaica

Jamaica

Jamaica is an island nation of the Greater Antilles, in length, up to in width and 10,990 square kilometres in area. It is situated in the Caribbean Sea, about south of Cuba, and west of Hispaniola, the island harbouring the nation-states Haiti and the Dominican Republic...

, it has its headquarters located in Bridgetown

Bridgetown

The city of Bridgetown , metropolitan pop 96,578 , is the capital and largest city of the nation of Barbados. Formerly, the Town of Saint Michael, the Greater Bridgetown area is located within the parish of Saint Michael...

, Barbados

Barbados

Barbados is an island country in the Lesser Antilles. It is in length and as much as in width, amounting to . It is situated in the western area of the North Atlantic and 100 kilometres east of the Windward Islands and the Caribbean Sea; therein, it is about east of the islands of Saint...

.

In 2004 and 2010, Standard & Poor's gave the CDB a rating of (AAA) Triple A, the firm's highest rating. According to Standard and Poor if the Caribbean Development bank "continues its prudent financial policies of the past, its rating should remain stable over the medium term."

At the end of 2000, the bank had shareholders' equity of US$426 million.

Members

United Nations Development Business

The United Nations

United Nations

The United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...

 launched Development Business

Development Business

Development Business, also known as "United Nations Development Business", "UN Development Business", "UNDB" or "DB" is an online and print publication issued by the United Nations Department of Public Information...

 in 1978 with the support of the Caribbean Development Bank, the World Bank

World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

, and many other major development banks from around the world. Today, Development Business

Development Business

Development Business, also known as "United Nations Development Business", "UN Development Business", "UNDB" or "DB" is an online and print publication issued by the United Nations Department of Public Information...

 is the primary publication for all major multilateral development banks, United Nations agencies, and several national governments, many of whom have made the publication of their tenders and contracts in Development Business

Development Business

Development Business, also known as "United Nations Development Business", "UN Development Business", "UNDB" or "DB" is an online and print publication issued by the United Nations Department of Public Information...

a mandatory requirement.