ICA Annual Report 2022
lighthouse shining light into the darkness
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The Caribbean Development Bank is a regional financial institution established in 1970 for the purpose of contributing to the harmonious economic growth and development of its Borrowing Member Countries (BMCs). In addition to the 19 BMCs, CDB’s membership includes four regional non-borrowing members – Brazil, Colombia, Mexico and Venezuela and five non-regional, non-borrowing members; i.e., Canada, China, Germany, Italy, and the United Kingdom.

The Office of Integrity, Compliance and Accountability (ICA) is an independent office of the Caribbean Development Bank that was established by the Board of Directors (BOD) on December 1, 2015. ICA is mandated to operationalise, manage, and refine the Strategic Framework for Integrity, Compliance and Accountability (Strategic Framework). BOD oversees ICA through its Oversight and Assurance
Committee (OAC).

ICA is obligated to publish an Annual Report as part of its policy obligations to the Board and beneficiaries of the Bank pursuant to the Strategic Framework. The publication is targeted towards the Bank’s stakeholders, specifically the Board of Governors, BOD, members of staff, development partners. interest groups, the media and the general public. The Report will be made accessible electronically via online channels including the Bank’s website.

Table of contents

STATEMENT from the Head of ICA
ICA's Mission


CDB's Fiduciary Duty
CDB's Strategic Framework and ICA with CDB's Organisational Structure
ICA's Mandate
ICA's Organisational Strategy
ICA's Strategy
How ICA's Strategy Delivers Value to CDB
ICA's Risk Radar 2023

PILLAR I: Whistleblowing, Ethics and Integrity

PILLAR II: Compliance - AML/CFT Financial Sanctions

PILLAR III: Accountability

PILLAR IV: Collaboration - Outreach, Meetings & Conferences with IFIs