Editing Caribbean Development Bank (section)

== Recent Developments and Risk Management ==
In 2012, the CDB experienced a credit downgrade due to weaknesses in the banks credit profile. The downgrade reflected concerns about the deteriorating financial conditions of its borrowing member countries, this posed risks the banks ability to finance loans effectively. There were also inefficiencies in CDB's risk management practices which prompted the bank to adopt a Enterprise Risk Management framework to address these issues. This design was meant strengthen the bank's governance, risk management, and operational processes, ensuring better oversight, accountability, and financial stability. <ref>Wood, Anthony, and Anya Lewis. “Risk Culture Development and Its Impact: The Case of the Caribbean Development Bank.” ''International Journal of Business and Economic Development'', vol. 6, no. 1, Mar. 2018, pp. 18–24. Academy of Business and Retail Management. <nowiki>https://ijbed.org/cdn/article_file/content_48979_18-04-04-07-11-25.pdf</nowiki>.</ref><ref>Ingham, Barbara, and Mark Figueroa. “W. Arthur Lewis and the Legacy of the Caribbean Development Bank.” ''Journal of Eastern Caribbean Studies'', vol. 34, no. 4, Dec. 2009, pp. 1–20. Sir Arthur Lewis Institute of Social and Economic Studies, University of the West Indies. https://www.jecsonline.com/wp-content/uploads/2019/09/JECS-Vol-34-No.-4-Dec-2009.pdf.</ref>