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Antigua and Barbuda will join the Latin American and Caribbean Development Bank (CAF), expanding its development financing options.
Antigua and Barbuda Prime Minister Gaston Browne signed a declaration of intent to join CAF at the Fourth International Conference on Small Island Developing States (SIDS4).
Aligned with regional development goals
The statement demonstrates Antigua and Barbuda’s commitment to working with CAF to enhance the well-being of residents.
The move is in line with the country’s goal to leverage CAF’s technical expertise, financial resources and knowledge services to support development initiatives.
Opening the door to more financial support
CAF said the signing will open the door for Antigua and Barbuda to access more development financing options.
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The collaboration is expected to provide new opportunities for the country to leverage CAF’s resources and expertise to more effectively address its development challenges.
Confidence in CAF grows
The growing partnership between Antigua and Barbuda and CAF highlights the confidence Caribbean nations have in CAF’s ability to provide innovative financing solutions.
This collaboration highlights the growing presence of the Caribbean Assistance Fund in the Caribbean, which aims to support Small Island Developing States through rapid and effective financial assistance.
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Currently, CAF’s shareholders include 21 countries including Barbados, Trinidad and Tobago, Jamaica, and the Dominican Republic.
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