FEATURE
ANNUAL REPORT 2015 - PAGE 41
CDB WELCOMES BRAZIL
The Federative Republic of Brazil is the newest member country of CDB, signaling that country’s commitment to the sustainable development of the region. This became effective on December 31, 2015, following a process that began with Brazil’s application to membership in 2007
and its acceptance by the CDB Board of Governors in 2008. Brazil is CDB’s 28th member, and the fourth nonborrowing regional member, joining Colombia, Mexico and Venezuela in that category.
Rafael Ranieri, Brazil’s Alternate Director and Dr Warren Smith, President.