The Caribbean Development Bank (CDB) is a development bank that helps Caribbean nations finance social and economic programs in its member countries. CDB was established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, and entered into force on January 26, 1970. The permanent headquarters of the bank is located at Wildey, St. Michael, Barbados; adjacent to the campus of the Samuel Jackman Prescod Polytechnic. On September 21, 2018, the Bank officially opened its Country Office in Haiti, the first outside its Headquarters in Barbados. The Barbados headquarters serves all of the regional borrowing member countries with staff recruited from its member countries. CDB's membership of 28 countries consists of 19 regional borrowing members, four regional, non-borrowing members (Brazil, Colombia, Mexico and Venezuela) and five non-regional, non-borrowing members (Canada, China, Germany, Italy, and the United Kingdom). CDB’s total assets as at December 31, 2021 stood at US$3.71 billion (bn). These include US$2.21 bn of Ordinary Capital Resources and US$1.50 bn of Special Funds Resources. The Bank is rated Aa1 Stable by Moody’s, AA+ Stable by Standard & Poor’s and AA+ Stable by Fitch Ratings. In 2021, the Bank approved loans and grants of US$269.5 million. At the end of 2020, the total value of projects approved by the bank was US$122.6 million. This includes US$71.2 million in loans and US$51.4 million in grants. History Caribbean Development Bank was established by an Agreement between sixteen Commonwealth of Nations members from Caribbean region and Canada and United Kingdom signed on October 18, 1969, in Kingston, Jamaica. Agreement entered into force on January 26, 1970 until when 15 out of 18 signing states ratified it. Bank's initial capital was 50 million US dollars corresponding to the value of 100 million Eastern Caribbean dollar with three main contributors being Jamaica with 11,200,000 US dollars and 19.52% of votes, and United Kingdom and Canada both with 10,000,000 US dollars and each with 17.55% of votes in bank. Arthur Lewis was chosen as the first bank's president on the meeting of banks governors in Nassau. List of presidents The Bank has had six presidents since its inception. (*) Gene Leon will become the CDB president on 1 May 2021. Organisation Board of Governors The Board of Governors is the apex governing body of the CDB. This Board meets once a year. They hold the power to admit new members, amend the charter, elect the