Dr. Gene Leon Elected President of Caribbean Development Bank

Dr. Gene Leon Elected President of Caribbean Development Bank (Photo via CDB)

(Caribbean Development Bank Press Release) The Board of Governors of the Caribbean Development Bank (CDB) has elected Dr. Hyginus ‘Gene’ Leon to serve as the next President of the multi-lateral institution. Dr. Leon’s appointment will become effective on May 1, 2021.

 He will succeed Dr. Wm Warren Smith who has been at the helm of the regional financial institution for the last 10 years. Dr. Leon has over 30 years of experience in economic development and has directed macroeconomic and financial policy support to government authorities in Africa, the Middle East and Central Asia and the Caribbean. 

The appointment of Dr. Hyginus “Gene” Leon to the presidency of the Caribbean Development Bank (CDB) is an especially…

Posted by Allen Chastanet on Wednesday, January 20, 2021

He has worked with the International Monetary Fund (IMF) for more than 24 years, serving as Mission Chief for the Gulf States of Oman, Qatar, and United Arab Emirates as well as The Bahamas, Nigeria, and Zimbabwe. He also served as the IMF’s Senior Resident Representative in Jamaica.

Prior to his engagement with the IMF, Dr. Leon was an Associate Professor at State University of New York at Old Westbury in the United States. He has also served as Director of Research at the Central Bank of Barbados and Country Economist at CDB.

Dr. Leon holds a Doctor of Philosophy (PhD) in Economics from the University of Southampton in the United Kingdom (UK) and a Bachelor of Science Degree (B.Sc.) in Economics from the University of London also in the U.K.

Commenting on his appointment, Dr. Leon said: “I am deeply honoured by the trust that the Board of Governors has demonstrated in my experience and ability. The CDB remains an instrumental partner in regional development. I look forward to working with all Member States and a tremendous staff with zeal and unrelenting commitment.” 

For interview requests or additional materials, please contact:
Camille TaylorHead, Corporate Communications
Tel: +1 (246) 539-1912 | Mobile: +1 (246) 266-5639
Email: taylorc@caribank.org

Caribbean Development Bank

The Caribbean Development Bank is a regional financial institution established in 1970 for the purpose of contributing to the harmonious economic growth and development of its Borrowing Member Countries (BMCs). In addition to the 19 BMCs, CDB’s membership includes four regional non-borrowing members – Brazil, Colombia, Mexico and Venezuela and five non-regional, non-borrowing members; i.e., Canada, China, Germany, Italy, and the United Kingdom. CDB’s total assets as at December 31, 2019 stood at US$ 3.59 billion (bn). These include US$2.1 bn of Ordinary Capital Resources and US$1.49 bn of Special Funds Resources. The Bank is rated Aa1 Stable with Moody’s, AA+ Stable with Standard & Poor’s and AA+ Stable with FitchRatings. Read more at caribank.org

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