The Caribbean Development Bank (CDB, the Bank), and the Multilateral Development Bank (MDB) Challenge Fund, have launched a pioneering feasibility study to design a new Contingent Capital Facility for multilateral development banks.
This 12-month pilot project will examine innovative ways to strengthen capital adequacy, enhance lending capacity, and improve CDB’s financial resilience.
This initiative is part of CDB’s ongoing commitment to financial innovation and to meeting the evolving needs of its Borrowing Member Countries—especially during times of economic volatility and uncertainty.
The study is supported by the MDB Challenge Fund, a coalition comprising the Rockefeller Foundation, the Bill & Melinda Gates Foundation, and the Open Society Foundations.
CDB’s Facility design partners are Cantium, Ardhill Advisory, and Linklaters. An interim report will be released by September 2025, ahead of the International Monetary Fund (IMF) and World Bank Annual Meetings in October. The final report will be published in advance of the Spring Meetings in 2026.
The study is a key component of CDB’s strategy to future-proof its financial framework and expand its ability to deliver high-impact development solutions across the Caribbean.
