Bourne re-elected CDB president

Author  CMC
Dr. Compton Bourne
Compton Bourne
President of the Barbados-based Caribbean Development Bank (CDB), Dr. Compton Bourne, has been re-elected to serve for another five-year term, promising to place the financial institution at the center stage of regional development.
The former principal and professor of economics at the St. Augustine campus of the University of the West Indies assumed office on May 1, 2001, as the bank’s fourth president.
His current term is due to end on April 30, and Dr. Bourne has described his first term as “a very interesting and exciting period.”

He said that he made the consolidation of relationships with shareholders a priority during his first term. He said that CDB had also tried to address the way in which it services the needs of its clients.

“I think that while we have made some progress in that area deliberately by seeking to reorganize departments, analyzing our processes, I don’t think that we have got to the point where we can say we have achieved everything we would wish to achieve,” he explained.

Dr. Bourne said among the future priorities would be the ability of the bank to continue to mobilize resources on the scale required for lending in the future and placing the financial institution at the centre stage of Caribbean development. He said his vision for the future is that of “a bank that maintains and strengthens its relevance to the countries of the region.”