SVG Joins Regional Development Bank, Expanding Funding Options

By S.Browne. Updated 3:23 p.m., Wednesday, March 4, 2026, Atlantic Standard Time (GMT-4).



St. Vincent and the Grenadines has become a shareholder in the Development Bank of Latin America and the Caribbean (CAF), giving the country access to new funding and technical support for key projects.

The decision was taken during CAF’s Board of Directors meeting in Lima, Peru, on March 3, 2026.

“With this approval, St. Vincent and the Grenadines will be able to access CAF’s agile and flexible development financing instruments, technical cooperation, and knowledge programmes designed to respond to the specific needs of small island developing states,” CAF stated in a recent press release.

CAF Executive President Sergio Díaz-Granados welcomed the decision.
“St. Vincent and the Grenadines is joining a development bank that understands the realities of Caribbean small states and the development challenges of multi-island states in particular. CAF is pleased to deepen its partnership with St. Vincent and the Grenadines and is committed to providing practical, tailored financing solutions so that the government can deliver on its promise to the communities across the various islands,” he said.

He further stated, “CAF is continuing to deepen its engagement in the region to support climate-resilient infrastructure, productive transformation, as well as sustainable and inclusive growth. The Bank is pleased to welcome St. Vincent and the Grenadines into its family of shareholder countries.”

“These decisions reflect CAF’s continued commitment to channel agile and flexible financing to all CARICOM countries as the Bank fulfils its mandate to advance regional integration and sustainable development in Latin America and the Caribbean,” CAF added.

About CAF

CAF is a development bank committed to supporting the countries of Latin America and the Caribbean and improving quality of life in the region. Its actions promote sustainable development and regional integration. The Bank serves the public and private sectors, providing multiple products and services to a broad client base of 24 member countries, private companies, and financial institutions.

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