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Government Moves to Secure Full CAF Membership, Unlocking Billions in Funding

Government Moves to Secure Full CAF Membership, Unlocking Billions in Funding

November 4, 2025
3:22 pm

Government is moving to amend legislation in Parliament to make Barbados a full member of the Development Bank of Latin America and the Caribbean (CAF), a step that will provide access to billions of dollars in funding.

Minister in the Ministry of Finance, Ryan Straughn, told Parliament this morning that the transition from shareholder to full membership will unlock more than 18 billion dollars in loan and investment opportunities.

He noted that the upgrade will not only support government projects, but will also open new investment avenues for the private sector.

Minister in the Ministry of Finance, Ryan Straughn.

Meanwhile, Opposition Leader Ralph Thorne has accused the government of preparing for what he describes as a “borrowing spree.”

Opposition Leader, Ralph Thorne.

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