The Government of Grenada has officially become the newest shareholder of CAF – Development Bank of Latin America and the Caribbean, marking another step in the bank’s growing footprint across the region.
Grenada’s incorporation as a Series C shareholder makes it the sixth CARICOM country to join CAF’s 24-member roster, giving the island access to more flexible and innovative financing tailored to its sustainable development priorities.
Like many Small Island Developing States (SIDS), Grenada faces mounting climate-related pressures, from intensifying hurricanes and rising sea levels to sargassum inundations that disrupt livelihoods and strain public resources. Still, the country has built a reputation as a regional leader in resilience and innovation across climate, economic, and digital sectors.
CAF Executive President Sergio Díaz-Granados said the bank is eager to work with Grenada on scalable solutions that will strengthen its economy and climate resilience.
“Grenada embodies the resilience and ingenuity of Small Island Developing States,” he said. “Over the past two decades, the country has endured the impacts of several severe hurricanes, yet it has demonstrated remarkable capacity to rebuild while helping to develop innovative solutions to strengthen its future and the Caribbean’s. We are honoured to welcome Grenada into our family of member countries and look forward to working together to build a more resilient, inclusive, and sustainable future.”
Grenada joins at a time when CAF has been steadily increasing its Caribbean presence. Since 2021, the bank has welcomed the re-incorporation of Chile and new members, including the Dominican Republic, Honduras, El Salvador, Costa Rica, The Bahamas, and Antigua and Barbuda, with Saint Lucia’s incorporation also approved earlier this year. Several other countries are in the process of formalizing membership.
With Grenada on board, CAF continues to strengthen its position as the multilateral financial institution with the broadest coverage in Latin America and the Caribbean.
