On 18 October 1969, in Kingston, Jamaica, plenipotentiaries sign the Agreement Establishing the Caribbean Development Bank (CDB), a regional financial institution for economic growth and cooperation in the Commonwealth Caribbean.

The Agreement creates the bank with subscribed capital, a Board of Governors and headquarters in Barbados. Initial signatories include Caribbean states, Canada and the United Kingdom. The depositary is the UN Secretary-General.

It entered into force on 26 January 1970 (UNTS No. 10232). It remains the region’s development bank.

The official text is on caribank.org / UNTS.

For Caribbean cooperation, 18 October 1969 marks the Kingston signature.

The document is available on caribank.org.

The CDB Agreement of 18 October 1969 remains the milestone of the regional Caribbean bank.

Image: Kingston / Caribbean; Wikimedia Commons. Cropped to 16:9.

Source consulted: Caribbean Development Bank. Treaty text: CDB — Agreement Establishing.