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CAF doubles its Caribbean shareholder countries

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Continuing to deepen its engagement with CARICOM countries, CAF – Development Bank of Latin America and the Caribbean – convened a meeting with CARICOM Ministers of Finance during the WB-IMF Spring Meetings in Washington DC to advance the process for incorporating its three new Caribbean shareholder countries – Bahamas, Dominica and Grenada – into the financial institution. At its recent Board of Directors Meeting in March 2024, in Punta Cana, Dominican Republic, the decision was taken to allocate shares to three CARICOM countries, doubling the number of English-speaking Caribbean members in CAF. Trinidad and Tobago was the first CARICOM country to join CAF in 1994, some thirty years ago, followed by Jamaica in 1994 and Barbados in 2014. CAF is now moving to add 3 more Caribbean countries to its existing 21 country membership, which will bring CAF closer to consolidating its position as the development bank with the greatest presence in the region. This will translate into strengthe

Continuing to deepen its engagement with CARICOM countries, CAF – Development Bank of Latin America and the Caribbean – convened a meeting with CARICOM Ministers of Finance during the WB-IMF Spring Meetings in Washington DC to advance the process for incorporating its three new Caribbean shareholder countries – Bahamas, Dominica and Grenada – into the financial institution. At its recent Board of Directors Meeting in March 2024, in Punta Cana, Dominican Republic, the decision was taken to allocate shares to three CARICOM countries, doubling the number of English-speaking Caribbean members in C

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