Antigua & Barbuda aims to join the Development Bank of Latin America and the Caribbean

Antigua & Barbuda is poised to broaden its development financing avenues by joining the Development Bank of Latin America and the Caribbean (CAF).

Prime Minister Gaston Browne signed a declaration of intent to join CAF during the Fourth International Conference on Small Island Developing States (SIDS4), held in Antigua & Barbuda.

This declaration demonstrates Antigua & Barbuda’s commitment to collaborating with CAF to improve the well-being of its citizens. The decision aligns with the nation’s objectives to utilize CAF’s technical expertise, financial resources, and knowledge services to bolster its development projects.

CAF stated that this signing will enable Antigua & Barbuda to access a wider range of development financing options.

The partnership is expected to provide new opportunities for the country to tackle its development challenges more effectively, leveraging CAF’s resources and expertise.

The growing collaboration between Antigua & Barbuda and CAF reflects the confidence Caribbean nations have in CAF’s ability to deliver innovative financing solutions.

This partnership also highlights CAF’s expanding role in the Caribbean, as it aims to support small island developing states with prompt and efficient financial aid.

Currently, 21 countries, including Barbados, Trinidad & Tobago, Jamaica, and the Dominican Republic, are shareholders of CAF.