CAF Doubles its Presence in the Caribbean Countries

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Thus, CAF is established as the multilateral bank with the greatest presence in the Caribbean Community (Caricom), which includes a total of 15 member countries.

The Development Bank of Latin America and the Caribbean has announced the incorporation of three islands. The total population of these three 3 important islands exceeds half a million inhabitants, thus doubling its number of members in the English-speaking Caribbean

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CAF-development bank of Latin America and the Caribbean announced the incorporation of Bahamas, Dominica and Grenada, doubling its number of Caribbean members. The decision, made during the recent board meeting in March 2024, increases the number of member countries to a total of six.

Thus, CAF is established as the multilateral bank with the greatest presence in the Caribbean Community (Caricom), which includes a total of 15 member countries.

Although CAF has been present in the Caribbean since the incorporation of Trinidad and Tobago in 1994, the inclusion of Bahamas, Dominica and Grenada comes after a period of intense activity by the bank in Caricom. In response to the climate crisis that affects the Caribbean disproportionately, and the Covid-19 pandemic, CAF began to expand its activities in the region to promote the economic reactivation of the region.

New post: Antigua & Barbuda aims to join the Development Bank of Latin America and the Caribbean https://t.co/DUz3Yi05Bs

— thehabarinetwork (@habarinetwork) June 3, 2024

Since 2023, CAF has approved a financial mechanism designed to facilitate access to economic resources to promote economic and social development in Caricom countries.

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