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Trinidad and To­ba­go has as­sumed the chair­man­ship of the Board of Di­rec­tors of the De­vel­op­ment Bank of Latin Amer­i­ca and the Caribbean (CAF), fol­low­ing a se­ries of lead­er­ship changes at the Min­istry of Fi­nance in the wake of April’s gen­er­al elec­tion.

The an­nounce­ment came dur­ing an in­tro­duc­to­ry meet­ing on May 12 be­tween Fi­nance Min­is­ter Dav­en­dranath Tan­coo and se­nior CAF of­fi­cials at the Min­istry’s head­quar­ters in Port of Spain.

T&T was slat­ed to take up the ro­tat­ing chair­man­ship in March, with then-fi­nance min­is­ter Colm Im­bert ex­pect­ed to as­sume the role. How­ev­er, Im­bert was moved as Fi­nance Min­is­ter by then Prime Min­is­ter Stu­art Young that same month and re­placed by Vish­nu Dhan­paul. The po­si­tion changed hands again fol­low­ing the Peo­ple’s Na­tion­al Move­ment’s (PNM) de­feat in the April 28 gen­er­al elec­tion, which led to Tan­coo’s ap­point­ment un­der the new ad­min­is­tra­tion.