Caribbean Development Bank (CDB)
Last updated on 02 Mar 2024
Key facts
The CDB is a regional financial institution which aims to contribute to the harmonious economic growth and development of member countries in the Caribbean.
PUBLIC
1969
Credit rating (Fitch)
AA+
Foreign currency
Authorizations
FY 2022 authorizations
Education
50%
Social infrastructure
25%
Financial services
18%
Transport and communication
5%
Public sector
2%
FY 2022 authorizations
Products
- Lending terms for public borrowers:
- Minimum loan size: USD 200,000
- Maximum maturity (including grace period): 20–30 years, depending on borrowing country
- Maximum grace period: 5–10 years, depending on borrowing country
- Interest rate: 2.0%–2.5% per annum, depending on borrowing country
- Upper lending limit: 80%–90%, depending on borrowing country
- Commitment fee: 1% per annum; 0.25% per annum for financial intermediaries
- Lending terms for private borrowers:
- Loan size: Up to 40% of the project cost
- Interest rate: Variable, and reviewed semi-annually
- Maximum maturity (including grace period not exceeding 5 years): Up to 14 years
- Front-end fee: Up to 1%
- Commitment fee: 1% per annum; 0.25% per annum for financial intermediaries
- Basic Needs Trust Fund (BNTF)
- Caribbean Technology Consulting Services (CTCS)
- Community Disaster Risk Reduction Fund
- Cultural and Creative Industries Innovation Fund (CIIF)
- Special Development Fund
- Regional Public-Private Partnership Support Facility
Policies
- More detailed information on CDB’s interest rates, charges, and fees can be found on the agency’s website
News
- 2024: CDB announces partnership push for regional development
- 2023: Green Climate Fund approves grant to support further development of the CDB-managed Blue Co Caribbean Umbrella Coordination Programme
- 2023: CDB to establish project preparation fund to increase climate finance for the region
