Trinidad and Tobago’s Ministry of Finance published a media release on Finance Minister Davendranath Tancoo’s engagements in Seville, Spain, where he acted in his capacity as Chairman of the Development Bank of Latin America and the Caribbean (CAF) during events linked to the Fourth United Nations International Conference on Financing for Development. At CAF’s 185th Board of Directors meeting, the Board approved a record USD 5.2 billion for 16 operations across 10 countries and endorsed additional actions to deepen CAF’s work in the Caribbean. Funding approved by the Board is earmarked for infrastructure, climate action, human development, urban mobility and energy transition projects. Caribbean-related decisions cited include a USD 100 million loan to the Bahamas for energy sector reform, Barbados’ transition to full CAF membership, Saint Lucia’s incorporation as a new shareholder country, and an increase in shareholdings for Antigua and Barbuda. The release also notes ministerial-level discussions with the European Commission and the Community of Latin American and Caribbean States (CELAC), including work toward a roadmap for the EU–Latin America and the Caribbean Global Gateway Investment Agenda ahead of the EU–CELAC Summit in November 2025, and that Trinidad and Tobago will soon use a EUR 3 million European Commission blending operation via CAF for a digital transformation programme covering electronic identity, a public data interoperability platform and a Government Data Centre. Further engagements referenced include a CAF-hosted panel on financing development in the Caribbean and a meeting with the Arab Coordination Group and the OPEC Fund for International Development focused on identifying collaborative financing solutions. The UN Financing for Development conference referenced in the release is scheduled to run from June 30 to July 3 in Seville.

Original source View in tracker