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Grena­da has be­come the lat­est share­hold­er coun­try of CAF – De­vel­op­ment Bank of Latin Amer­i­ca and the Caribbean. The gov­ern­ment con­firmed that it has com­plet­ed the process to join the in­sti­tu­tion as a Se­ries C share­hold­er.

With Grena­da’s en­try, six CARI­COM mem­bers are now among CAF’s 24 share­hold­er coun­tries. The bank said Grena­da’s mem­ber­ship gives the coun­try ac­cess to fi­nanc­ing for na­tion­al sus­tain­able de­vel­op­ment pri­or­i­ties.

CAF’s Ex­ec­u­tive Pres­i­dent Ser­gio Díaz-Grana­dos wel­comed Grena­da’s in­cor­po­ra­tion, say­ing the bank was “ready to sup­port the gov­ern­ment and peo­ple of Grena­da in their ef­forts to build a re­silient coun­try.”