The Caribbean Development Bank (CDB) has announced Daniel Best as its seventh president, marking a significant leadership transition for the regional financial institution.
The Board of Governors selected Best after a comprehensive selection process, citing his extensive background in development finance and regional infrastructure. With advanced degrees from the University of Durham and the University of the West Indies, Best brings over two decades of experience in development policy and strategic planning.
Currently serving as a senior infrastructure and development adviser to Barbadian Prime Minister Mia Mottley, Best emerged as the preferred candidate following a competitive selection that included two other high-profile candidates. He succeeds Dr. Hyginus ‘Gene’ Leon, who resigned earlier this year following an administrative leave dispute.
In an official statement, the CDB highlighted Best’s qualifications, emphasizing his deep understanding of Caribbean development challenges. The bank expressed confidence in his ability to lead strategic initiatives focused on reducing poverty and promoting sustainable growth across the region.
Best’s professional credentials include a Master’s in Business Administration from the University of Durham, a Master’s in Construction Engineering and Management, and a Bachelor’s in Civil Engineering from the University of the West Indies. These qualifications position him to address the complex economic and infrastructural needs of Caribbean nations.
The incoming president is expected to guide the CDB through an evolving global economic landscape, with a primary focus on the bank’s core mandate of fostering inclusive development and addressing regional inequalities.
The selection process involved considering candidates from multiple Caribbean nations, including a Trinidad and Tobago vice president and a Bahamian vice president of operations. Best’s appointment reflects the bank’s commitment to identifying leadership with comprehensive regional expertise.
While details surrounding the previous president’s departure remain limited, the CDB has maintained its focus on securing strong leadership to continue its critical development mission.
Best is anticipated to assume his role in the coming months, bringing a fresh perspective to the bank’s strategic direction and regional development initiatives.
