The Caribbean Development Bank 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 2011.
At the end of 2000, the bank had shareholders' equity of US$426 million.
Read more about Caribbean Development Bank: United Nations Development Business
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