The Caribbean Development Bank (CDB) has a Board of Governors, Board of Directors, a President, two Vice-Presidents and other officers and staff. A senior management group, chaired by the President, is responsible for the consideration of matters of a broad corporate nature. It comprises the President, his Vice-Presidents and the Directors of each department.
Office of the President
The President is Chairman of the Board of Directors and Chief Executive Officer of the Bank. He conducts, under the direction of the Board of Directors, the current business of the Bank. The Internal Audit Unit and the Office of Independent Evaluation are attached to the Office of the President.
Office of the Vice-President (Corporate Services) and Bank Secretary
The Vice-President (Corporate Services) and Bank Secretary is responsible for the effective planning, development and provision of advice and services relating to the Legal Department, Finance and Corporate Planning Department, Information and Technology Solutions Department, Human Resources and Administration Department and the Bank Secretary’s Unit, as well as for external relations with member countries, donor and other international organisations.
Office of the Vice-President (Operations)
The Vice-President (Operations) is responsible for overseeing the operation of the Bank’s lending and related economic activities, and, for this purpose, he is also responsible for giving general guidance and direction to the director of the Projects Department and the director of the Economics Department.
The Projects Department is responsible for the identification, appraisal, and supervision of all capital and Technical Assistance Projects and sector loans intended for and/or included in the Bank’s portfolio. In addition, the Department is responsible for monitoring and evaluating the Bank’s loan portfolio; for the preparation of sector analyses/policy papers for external training, mainly in project work and for provision of assistance to micro and small enterprises.
The Projects Department consists of four divisions: Economic Infrastructure Division (EID), Social Sector Division (SSD), Private Sector Development Division (PSDD) and Project Services Division (PRSD). Most of the major programmes of the Bank such as Disaster Risk Management (DRM), the Basic Needs Trust Fund (BNTF) and the Caribbean Technological Consultancy Services Network (CTCS) are supervised by the Projects Department.
The Projects Department is responsible for the identification, appraisal, and supervision of all capital and Technical Assistance Projects and sector loans intended for and/or included in the Bank’s portfolio. The Department is also responsible for monitoring and evaluating the Bank’s loan portfolio; for the preparation of sector analyses/policy papers for external training, mainly in project work and for provision of assistance to micro and small enterprises.
The Economics Department provides analysis, policy advice and macroeconomic management support to the Bank’s borrowing member countries. The Department manages the provision of technical assistance for various aspects of economic management in BMCs, and provides such assistance directly, through staff visits. It maintains working relationships with the economics departments of other multilateral agencies, and participates in joint surveillance and direct assistance missions to BMCs with both regional and extra-regional institutions. From time to time, it conducts short training programmes in aspects of economic management which are of specific interest to BMCs.
The Legal Department is responsible for the provision of legal services, advice and counsel so that the Bank, in the conduct of its affairs, is in compliance with its Charter and international and municipal law. It is also responsible for ensuring that the negotiations and drafting of all Bank agreements are in compliance with relevant law and for providing advice and counsel in order that the Bank’s activities are conducted in accordance with its existing or appropriate policies, rules and procedures.
Finance and Corporate Planning Department
The Finance and Corporate Planning Department, headed by the Director is responsible for the effective planning and management of the financial operations of the Bank, encompassing capital markets, treasury and accounting activities. The Department is also responsible for the developing and coordinating of the Bank’s strategic planning process, including the preparation of the Annual Work Programme and Budget. The Finance and Corporate Planning Department comprises the Treasury Unit, the Accounting Unit and the Corporate Planning Division.
Information and Technology Solutions Department
The Information Technology Solutions Department is responsible for the strategic planning and provision of advice and services relating to the management and use of information and technology in the Bank’s operations and in support of the Bank’s project financing and technical assistance activities. It also advises on managerial processes, analyses business processes and evaluates the impact on organisation structure. The Department consists of two Units – The Technology Solutions Unit and the Information Services Unit.
Human Resources and Administration Department
The Human Resources and Administration Department is responsible for planning and providing advice, programmes and services relating to strategic human resources planning and management, the Bank’s organisation structure and a wide range of administrative services including communications, property management and maintenance, cost-effective procurement of goods and services, printing and reproduction. The Department is made up of the Human Resources Division and the Administrative Services Unit.