Belize – 10th Anniversary of the Caribbean Development Bank 1980 FM Proof Silver Twenty Five Dollar 37mm (30.28 grams) 0.500 Silver (0.4868 oz. ASW) Reference: KM# 61 BELIZE SUB·UMBRA·FLOREO FM, Coat-of-arms of Belize. ·1970·TENTH·ANNIVERSARY·1980· CARIBBEAN DEVELOPMENT BANK 25 DOLLARS, Map of the Caribbean on globe and Flag of Belize.
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The Caribbean Development Bank (CDB) is a financial institution that helps Caribbean nations finance social and economic programs in its member countries. CDB was established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, and entered into force on January 26, 1970.[1] The permanent headquarters of the bank is located at Wildey, St. Michael, Barbados; adjacent to the campus of the Samuel Jackman Prescod Polytechnic. There are no other offices of the bank. The headquarters serves all of the regional borrowing member countries with staff recruited from its members.
CDB’s membership of 27 countries consists of 19 regional borrowing members, three regional non-borrowing members and five members from outside the Region.
As of December 31, 2014, CDB recorded total assets of US$2.61 billion (this includes US$1.38 billion of ordinary Capital resources and US$1.23 billion of Special Funds Resources). CDB has an “Aa1” with stable outlook rating with Moody’s Rating Agency, and an “AA/A-1+” with stable outlook rating with Standard and Poor’s Rating Agency. In 2014, the Bank approved loans and grants of US$269.5 million.
At the end of 2014, the bank had total equity of US$822 million.
Belize is a country located on the eastern coast of Central America. Belize is bordered on the northwest by Mexico, on the east by the Caribbean Sea, and on the south and west by Guatemala. It has an area of 22,970 square kilometres (8,867 sq mi) and a population of 387,879 (2017). Its mainland is about 180 mi (290 km) long and 68 mi (110 km) wide. It has the lowest population and population density in Central America. The country’s population growth rate of 1.87% per year (2015) is the second highest in the region and one of the highest in the Western Hemisphere.
The Mayan civilization spread into the area of Belize between 1500 B.C. and 300 A.D. and flourished until about 1200. European exploration campaigns began in 1502 when Christopher Columbus sailed along the Gulf of Honduras. European settlement was begun by English settlers in 1638. This period was also marked by Spain and Britain both laying claim to the land until Britain defeated the Spanish in the Battle of St. George’s Caye (1798). It became a British colony in 1840, known as British Honduras, and a Crown colony in 1862. Independence was achieved from the United Kingdom on 21 September 1981.
Belize has a very diverse society that is composed of many cultures and languages that reflect its rich history. English is the official language of Belize, while Belizean Creole is an unofficial native language. Over half the population is multilingual, with Spanish being the second most common spoken language. It is known for its September Celebrations, its extensive barrier reef coral reefs and punta music.
Belize’s abundance of terrestrial and marine species and its diversity of ecosystems give it a key place in the globally significant Mesoamerican Biological Corridor. It is considered a Central American and Caribbean nation with strong ties to both the American and Caribbean regions. It is a member of the Caribbean Community (CARICOM), the Community of Latin American and Caribbean States (CELAC), and the Central American Integration System (SICA), the only country to hold full membership in all three regional organisations. Belize is a Commonwealth realm, with Queen Elizabeth II as its monarch and head of state.
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