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St. Kitts and Nevis Prime Minister and Minister of Finance, Dr. the Hon. Denzil L. Douglas |
BASSETERRE, ST. KITTS, MAY 18TH 2005 A four-person delegation from the Federation of St. Kitts and Nevis is in Guyana to attend the 35th Annual General Meeting of the Board of Governors of the Caribbean Development Bank (CDB).
St. Kitts and Nevis Prime Minister and Minister of Finance, Dr. the Hon. Denzil L. Douglas, the Federations Governor; and Nevis Premier and Minister of Finance and Alternate Governor, the Hon. Vance Amory, are in the Guyana capital for the two-day meeting which opened this morning.
Prime Minister Douglas is accompanied by his Acting Financial Secretary, Mrs. Janet Harris and Premier Amory by his Financial Secretary, Mr. Laurie Lawrence.
The Meeting is being chaired by Guyanas President His Excellency Bharrat Jagdeo will chair the Governors Annual Meeting. It is the first time since 1978 that Guyana is hosting a CDB Board of Governors Meeting.
The meeting affords Governors an opportunity to share their perspectives on the operations of the CDB and receive the annual report from the CDB President, Dr. Compton Bourne.
The CDB is a regional financial institution headquartered in Barbados and regional members include, Anguilla, Antigua, Barbuda, the Bahamas, Barbados, the British Virgin Islands, the Cayman Islands, Colombia, Dominica, Grenada, Jamaica, Mexico, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Trinidad and Tobago, the Turks and Caicos Islands and Venezuela.
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| Premier of Nevis, the Hon. Vance Amory. |
Colombia, Mexico and Venezuela are non-borrowing members. Non-Regional members are Canada, China, Germany, Italy and the United Kingdom.
The CDBs authorised share capital is US$705.0 million of which $549.3 million is callable capital and $155.7 is paid-up capital.
The Banks largest shareholders are Trinidad and Tobago and Jamaica with 19,342 shares. St. Kitts and Nevis, like Antigua and Barbuda, Dominica, St. Lucia and St. Vincent and the Grenadines have 859.
The CDB is committed to the harmonized economic growth and development of member countries in the Caribbean and promoting economic cooperation and integration among the countries, having special and urgent regard to the needs of the less developed countries in the Region.
