Caribbean Development Bank mourns passing of former Vice President Marius St. Rose

The Caribbean Development Bank (CDB) has honored the life and legacy of Marius Alexis St. Rose, the bank’s former Vice President and a central figure in Caribbean development.

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St. Rose passed away on Tuesday, August 12, 2025.

Mr. St. Rose joined the CDB in 1975 as an Economist in the Economics and Project Analysis Division. Over the next 25 years, he rose through leadership roles, including Deputy Director of the Policy Advisory and Planning Division, Director of the Economics and Programming Department, and ultimately Vice-President, Operations. During his tenure, he played a pivotal role in shaping the Bank’s operational framework, much of which continues to guide its work today.

Under his stewardship, the CDB became the first regional institution to achieve a triple-A credit rating and developed its first Strategic Plan. He also transformed the staff pension scheme into a sustainable, region-wide facility, providing security and dignity in retirement. Mr. St. Rose was instrumental in strengthening institutions across the Caribbean, particularly national development banks in the Organisation of Eastern Caribbean States (OECS), and was a tireless advocate for the region on the international stage.

Reflecting on his legacy, CDB President Daniel Best said, “Mr. St. Rose embodied excellence in every aspect of his service to the Bank and the Region. His vision, respect for others, and uncompromising commitment to strong institutions set a standard that continues to guide us today. We, who now have the privilege of serving, are building on the solid foundation he and his peers established. His example is a powerful reminder that excellence and respect are not just values, but the cornerstones of lasting impact.”

“The Caribbean Development Bank salutes Mr. Marius Alexis St. Rose for his extraordinary service and indelible contribution. He will be remembered not only as an exemplary builder of the Bank, but as one of the region’s most dedicated champions and a man whose vision and impact will inspire generations to come,” the bank concluded.