Development Bank of Latin America to participate in Barbados development financing
Prime Minister Freundel Stuart will sign three agreements on Monday with the executive president of the Development Bank of Latin America (CAF), Enrique Garcia, that will allow CAF to participate in the financing of the country’s development agenda.
Garcia will be in Barbados for a two-day official visit and is expected to meet with several government officials, including minister of finance and economic affairs, Christopher Sinckler.
Barbados became a member of the CAF last year, following the signing of two agreements by Sinckler and the minister of foreign affairs and foreign trade, Senator Maxine McClean.
The country now has access to financing and technical support from the financial institution for projects that are a priority for its development. Other shareholder countries include Argentina, Brazil, Costa Rica, Jamaica, Mexico, Panama, Portugal, Spain and Trinidad and Tobago.