Antigua and Barbuda is set to expand its development financing options 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 and Barbuda.
Aligning with regional development goals
The declaration signifies Antigua and Barbuda’s commitment to working with CAF to enhance the well-being of its inhabitants.
The move aligns with the country’s goals to leverage CAF’s technical expertise, financial resources, and knowledge services to support development initiatives.
Opening doors for greater financial support
CAF stated that the signing opens doors for Antigua and Barbuda to access expanded development financing options.
This partnership is expected to provide the country with new opportunities to address its development challenges more effectively, tapping into CAF’s resources and expertise.
Growing confidence in CAF
The growing partnership between Antigua and Barbuda and CAF highlights the confidence Caribbean nations place in CAF’s ability to provide innovative financing solutions.
This collaboration underscores CAF’s expanding presence in the Caribbean, as it aims to support small island developing states with swift and effective financial aid.
Currently, 21 countries, including Barbados, Trinidad and Tobago, Jamaica, and the Dominican Republic, are shareholders of CAF.
