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About Caribbean Development Bank
The Caribbean Development Bank (CDB) is a multilateral financial institution dedicated to supporting the economic growth and development of Caribbean nations. Here are key points about the CDB:
## Overview
- Mission: The CDB aims to reduce poverty and transform lives through sustainable, resilient, and inclusive development[3].
- Functions: It assists borrowing member countries by optimizing resource use, developing economies, promoting private and public investment, mobilizing financial resources, and providing technical assistance[1][3].
## Structure and Membership
- Headquarters: Located in Barbados[5].
- Membership: The CDB has 28 member countries, including 19 regional borrowing members, four regional non-borrowing members, and five non-regional, non-borrowing members[5].
- Shareholders: Approximately 55% of the bank's shareholder equity is owned by its borrowing members, with the rest held by non-regional countries like Canada, the U.K., and China[5].
## Activities and Projects
- Focus Areas: The bank focuses on projects related to food safety, agriculture, infrastructure development, education, and supporting small businesses[5].
- Climate Change Initiatives: It also emphasizes climate change and disaster prevention efforts due to the region's vulnerability to natural disasters[5].
## Contact Information
- Main Office: P.O. Box 408, Wildey, St. Michael, Barbados[2].
- Haiti Office: 115, Rue Panamericaine, Royal Oasis Hotel - Suites 1-2, Petion-Ville, Haiti[2].
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