Caribbean Development Bank
The Caribbean Development Bank (CDB) is a financial institution which assists Caribbean 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, Jamaica, it has its headquarters located in Bridgetown, Barbados adjacent to the campus of the Samuel Jackson Prescod Polytechnic (SJPP).
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." It was downgraded to AA+ in June, 2012.
At the end of 2000, the bank had shareholders' equity of US$426 million.
United Nations Development Business
The United Nations launched Development Business in 1978 with the support of the Caribbean Development Bank, the World Bank, and many other major development banks from around the world. Today, Development Business 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 a mandatory requirement.
|This bank and insurance-related article is a stub. You can help Wikipedia by expanding it.|
|This Caribbean-related article is a stub. You can help Wikipedia by expanding it.|