Antigua and Barbuda has officially become the newest shareholder in CAF – Development Bank of Latin America and the Caribbean, marking a significant step in the nation’s ongoing push for sustainable development and climate resilience.
On May 2, the twin-island state finalized its status as a “Series C Shareholder,” unlocking access to CAF’s agile and innovative financing solutions. To mark the occasion, the national flag of Antigua and Barbuda was raised at CAF’s headquarters in Caracas, Venezuela, in a symbolic ceremony celebrating the country’s entry into the CAF family as its 23rd shareholder.
The move is expected to bolster national development initiatives by providing flexible financing and technical support, particularly in areas such as infrastructure, climate adaptation, and economic inclusion.
“This represents a significant milestone in our deepening partnership with the Caribbean,” said CAF Executive President Sergio Díaz-Granados. “Antigua and Barbuda brings bold leadership to the regional development agenda as a strong advocate on behalf of Small Island Developing States. CAF stands ready to work with the Government of Antigua and Barbuda to deliver on its vision for a more resilient, inclusive, and sustainable future.”
Like many Small Island Developing States (SIDS), Antigua and Barbuda faces mounting challenges from the climate crisis—including more intense hurricanes, sea level rise, and natural resource scarcity. CAF’s support is expected to enhance the country’s ability to navigate these threats while advancing its development goals.
The move follows the November 2024 incorporation of The Bahamas as a CAF shareholder, as the institution continues expanding its Caribbean presence. Several other CARICOM nations are reportedly in advanced stages of the incorporation process.
Founded in 1970, CAF now counts 23 shareholder countries—19 from Latin America and the Caribbean, along with Spain, Portugal, and 13 private banks. The bank is recognized as a major source of multilateral financing and development expertise for the region.
Article Published May 11, 2025 on caribbeannationalweekly.com
