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.”

Grena­da, like oth­er small is­land states, faces eco­nom­ic and re­source pres­sures linked to cli­mate change, in­clud­ing hur­ri­canes, ris­ing sea lev­els, and sar­gas­sum blooms. The gov­ern­ment has po­si­tioned its mem­ber­ship in CAF as part of ef­forts to strength­en re­silience and ac­cess new fi­nanc­ing op­tions.

CAF has re­cent­ly ex­pand­ed its pres­ence in the Caribbean with the in­cor­po­ra­tion of The Ba­hamas in 2024 and An­tigua and Bar­bu­da in May 2025. Saint Lu­cia’s ap­pli­ca­tion was ap­proved in June, and sev­er­al oth­er re­gion­al coun­tries are at var­i­ous stages of the mem­ber­ship process.