Board of Directors and the president, change the bank's outstanding capital, and dissolve the bank. Each country is represented by one governor and one alternate, with the British Overseas Territory members counted as one country. Board of Directors The Board of Directors is responsible for determining the bank's programmes and annual budget. As with the Board of Governors, each country is represented by one director and one alternate. Directors serve renewable two-year terms. The Board is also responsible for appointing an Oversight and Assurance Committee. President The President is the chief executive officer of the CDB, and also serves as the Chairman of the Board of Directors. Different offices for communication, risk management, and compliance are part of the Office of the President. Presidential candidates are nominated by individual country members. A candidate must receive votes from two-thirds of the Board of Governors (representing 75% of the member countries) in order to be selected. The President serves for a five-year term, and can be reelected. Corporate leadership The two corporate leaders that report to the boards are the Vice-President (Corporate Services) and Bank Secretary, and the Vice-President (Operations). Members As of 2021, there are nineteen borrowing members and nine non-borrowing members. Regional Other regional Non-regional 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. See also African Development Bank African, Caribbean and Pacific Group of States Asian Development Bank Asian Infrastructure Investment Bank New Development Bank (BRICS)/NDB BRICS Association of Caribbean States CAF – Development Bank of Latin America Central banks and currencies of the Caribbean European Investment Bank Islamic Development Bank References External links Official Caribbean Development Bank website Banks of the Caribbean International banking institutions International organizations based in the Caribbean Multilateral development banks Supranational banks Intergovernmental organizations established by treaty Financial services companies of Barbados Organizations established in 1969 1960s establishments in the Caribbean 1969 establishments in North America