Trinidad and Tobago’s Ministry of Finance published a media release outlining the milestones and financing delivered through the country’s partnership with CAF – Development Bank of Latin America and the Caribbean, including plans for CAF to establish a regional office in Port of Spain in 2027. The update reflects remarks by Minister of Finance Davendranath Tancoo in his capacity as outgoing Chairman of CAF’s Board of Directors at the bank’s CLXXXVIII Board meeting in Lima. The Ministry traced the relationship to Trinidad and Tobago’s entry as a Special Member Country in 2012, supported by a subscription of 22,772 Series C shares in CAF’s common capital stock valued at about USD 323.4 million, and noted the country became CAF’s first Caribbean full member in 2016. It reported a CAF lending portfolio of around USD 1.8 billion since 2012, including funding for digital infrastructure (USD 35 million), resilient road infrastructure (USD 150 million), strengthening EXIMBANK (USD 35 million), COVID-19 health system support (USD 75 million), and a drainage and flood mitigation programme (USD 40 million), alongside technical assistance such as climate adaptation measures in the southern Oropouche River Basin (USD 10 million) and a digital government programme (EUR 3 million). The release also highlighted CAF-wide developments during Tancoo’s chairmanship, including record approvals, expanded Caribbean membership (Barbados as a full member and Grenada and Antigua and Barbuda as Series C members), the re-election of Sergio Díaz-Granados as Executive President for 2026–2031, and a revised employee retirement plan. Chairmanship of the CAF Board is set to pass to Uruguay’s Minister of Economy and Finance, Gabriel Oddone.

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