News Release

CDB Celebrates the Life and Enduring Legacy of Founding President, Sir Arthur Lewis

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Graphic honoring the first president of the Caribbean Development Bank, with portrait and lifespan dates

The Caribbean Development Bank (CDB) proudly honours the life and legacy of its founding President, Sir Arthur Lewis, a visionary architect of regional development, born on January 23, 1915. An internationally acclaimed scholar, innovator, and recipient of the Nobel Memorial Prize in Economic Sciences, Sir Arthur was instrumental in the establishment of CDB, which remains the Region’s only indigenous development bank.

Serving as President from 1970 to 1973, Sir Arthur played a defining role in shaping the Bank’s strategic direction, institutional framework, and operational policies, laying the foundation for its effectiveness in advancing Caribbean development. Central to his vision was the belief that the Region’s progress depended on a highly skilled and capable workforce. Under his leadership, CDB prioritised investments in education and skills development as critical drivers of sustainable economic growth.

A proud national of Saint Lucia, Sir Arthur championed regional cooperation, firmly believing that collective action was essential to addressing shared challenges. He was a strong advocate for integration, encouraging member countries to collaborate and harness the Bank’s resources and expertise in pursuit of common development goals.

CDB continues to honour Sir Arthur Lewis’ enduring legacy through its steadfast commitment to accelerating the social and economic development of Caribbean nations, and through its ongoing efforts to mobilise capital and resources in service of a stronger, more resilient, and inclusive future for the Region and its people.

May his legacy continue to inspire generations to come. 

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