Guatemala joins CAF

By Mayora IP

The Board of Directors of CAF, Development Bank of Latin America and the Caribbean, approved the incorporation of Guatemala as new shareholder country of the institution. "This decision represents a step forward in strengthening CAF's relationship with Central America and reflects its efforts to attract new nations and continue to grow geographically," CAF said in an official statement.

The Board's approval marks the beginning of the formal process for Guatemala to become shareholder. As Series "C" shareholder, it will have access to CAF's financial, technical and knowledge services designed to support its development priorities and improve the quality of life of its population. 

"We welcome Guatemala's decision to join CAF, as it represents a vote of confidence in our renewed agenda for sustainable and inclusive growth," said Sergio Diaz-Granados, CAF's executive president. "We are honored by the trust placed in us by Guatemala, and we look forward to working closely to advance resilience, climate action and regional integration."

In the past three years, CAF has seen expansion thanks to the recent incorporations of El Salvador and Honduras directly as member countries, the conversions of Chile, Costa Rica and the Dominican Republic to the same category, and the incorporation of the Bahamas and Antigua and Barbuda as Series "C" shareholders. In addition, other countries such as Grenada and Dominica have begun their respective processes to join the bank, and other countries in the region have expressed interest in joining the institution.