Tag Archives: Caribbean Development Bank (CDB)

St. Lucia PM blames “conspiracy” for removal of CDB president

By Peter Richards CASTRIES, St. Lucia, May 8, CMC – Prime Minister Phillip J Pierre has blamed a “conspiracy” for the removal of Dr. Hyginus “Gene” Leon as president of the Barbados-based Caribbean Development Bank (CDB), who tendered his resignation earlier this month after being sent on administrative leave in January. “I want to put on record St. Lucia’s full ...

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St. Vincent PM says evidence against CDB former president is “flimsy”

by Peter Richards BRIDGETOWN, Barbados, May 6, CMC – St. Vincent and the Grenadines Prime Minister Dr. Ralph Gonsalves says “unsuccessful attempts” had been made to impugn the character of the former president of the Barbados-based Caribbean Development Bank (CDB) Dr. Hyginus “Gene “ Leon, whom he described as “a distinguished son of our Caribbean civilisation from St. Lucia”. Last ...

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CDB President resigns with “immediate effect”; threatens legal action

By Peter Richards BRIDGETOWN, Barbados, Apr 23, CMC – President of the Barbados-based Caribbean Development Bank (CDB), Dr. Hyginus ‘Gene’ Leon, has resigned with “immediate effect” from the regional financial institution. According to a three page letter sent to the Bank by his St. Lucia-based lawyers, Leon is of the opinion that “he will never be treated fairly” after he ...

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CARICOM Chairman should ask CDB Board of Governors for urgent meeting on action against bank’s President

BRIDGETOWN, Barbados, Apr 15, CMC – Former Montserrat premier Reuben Meade Monday said he found it “rather interesting” that subordinate body within the Barbados-based Caribbean Development Bank (CDB) had been able to send the president of the financial institution on administrative leave. “It is like the tail wagging the dog. As a matter of fact it is like fleas controlling ...

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Brazilian company picked for construction of first leg of Linden-Lethem highway

The construction of the first link of the Linden-Lethem highway has moved one step closer to commencement with the Caribbean Development Bank (CDB) clearing the way for negotiations to start with a Brazilian company, the Finance Ministry said late Thursday night. Finance Minister Dr Ashni Singh said the Barbados-headquartered CDB on Thursday issued its no objection for negotiations to commence ...

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