The President of the Caribbean Development Bank (CDB), Dr. Hyginus ‘Gene’ Leon, has resigned from his position, effective immediately.
His decision comes after being placed on administrative leave in January and feeling that he won't be treated fairly by the institution. His lawyers, based in St. Lucia, conveyed this in a letter to the bank, expressing concerns about the violations of its charter, policies, rules, and regulations.
They've given the bank until May 4 to negotiate a separation agreement and warned of potential legal action if necessary.
This development follows an ongoing administrative process since January, during which Dr. Leon was on leave until April.
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