Who we are
The Curaçao Development Institute (CDI) has a clear mandate and strong corporate governance arrangements, which clearly define the responsibility, authority and accountability of the Shareholders, Board of Supervision and Board of Directors.
CDI aims to restructure the finance industry on Curaçao by enabling the finance of projects by investors local and abroad. CDI is responsible for properly guiding both the investee and the investor by fully informing both parties of the perils involved. Ultimately this will assist in paving the way to a new era of economic growth and general prosperity for the island as a whole.
CDI’s strategic goals and objectives:
- Mobilize long term savings towards public and private sector investment and strategic productive sectors as indicated in the governments’ long-term sustainable development vision.
- Attract private funds and leverage private-public resources through Public Private Partnerships (PPP).
- Provide funding to small and medium-sized enterprises (SMEs), which confront significant restrictions to obtain finance from private banks.
- Develop capital markets to promote price discovery.
What we are
The Curaçao Development Institute (CDI) complies with the principles of corporate governance, transparency and accountability, to satisfy the demand for and the supply of development financing. The establishment of a fully functional development institute is imperative to provide the economy of Curaçao with the much-needed impulses, going beyond providing funding.
Licensing and Operations
The Curaçao Development Institute (CDI) conducts business in mainly on Curaçao, but also across the Caribbean region.
The governance structure of the CDI is based on the bylaws and the relevant legislations as the civic code (‘BW’) of Curaçao to allow the establishment of an ‘NV’ (SA or INC). Furthermore, as the government of Curaçao is the initial shareholder, the Corporate Governance Code (LB 2014, no. 33) will be applicable. In the near future the National Ordinance on the Supervision of Banking and Credit Institutions 1994 (1994, no. 4) will be part of the legal framework of CDI, as CDI will be resorting under the supervision of the Central Bank of Curaçao en Sint Maarten (CBCS).
CDI has a two-tier board structure consisting of the management Board and the Supervisory Board, ensuring proper checks and balances.
The Curaçao Development Institute (CDI) is a talented state-of-the-art organization supporting:
- The programming and planning of strategic sectors (and geographical areas);
- The mobilization of domestic and international savings / funding, the appraisal of development programs and projects;
- The coordination of implementation of such programs and projects whenever needed;
- The periodic evaluation of the development impact these programs and projects have on the sustainable development of Curaçao;
The Curaçao Development Institute (CDI) stimulates and enhances the economy and social development of Curaçao by offering various forms of funding.