Mr. William G. Demas: President 1974 – 1988

A distinguished economic scholar and Caribbean leader, the late William Gilbert Demas served as the second President of the Caribbean Development Bank (CDB) from 1974 to 1988.

Elected on September 1, 1974, Mr. Demas served for three terms. 

Prior to joining CDB, for four years Mr. Demas worked as Secretary-General of the CARIFTA Secretariat (which later became the Caribbean Community (CARICOM) Secretariat). During his distinguished career, Mr. Demas also served as Research Fellow in Economics at Queen’s House, Oxford, and Research Fellow at the Centre for Developing Area Studies, McGill University, and later a Visiting Associate Professor of Economics at the same university.

Mr. Demas also held the post of Adviser to the West Indies Trade Commissioner in London on Trade Policy. Additionally, he worked as an Economist in the Civil Service of Trinidad and Tobago, attaining the posts of Permanent Secretary in the Ministry of Planning and Development and subsequently, Economic Adviser to the Prime Minister.

When Mr. Demas left the presidency of CDB in 1988, it was to return to the public service of his homeland, Trinidad and Tobago, as Governor of the Central Bank.

In recognition of his distinguished service to the Region, William G. Demas received a number of honours, including the Trinity Cross, Trinidad and Tobago’s highest national award; the Cacique Crown of Honour from the Government of Guyana, the Companion of Honour from the Government of Barbados, the Order of San Carlos from the Government of Colombia, and an Honorary Doctor of Laws from the University of the West Indies and from the University of Warwick, England.

Mr. Demas was educated at the University of Cambridge, England, where he studied Economics and obtained the degrees of Bachelor of Arts, Master of Arts, and Master of Literature.

William G. Demas died on November 28, 1998.