Trinidad & Tobago subscribed capital for USD 190 million with CAF
The subscription agreement reflects the commitment of Trinidad and Tobago to CAF's mission in Latin America and the Caribbean, and will help promote a development agenda that integrates financial stability and social inclusion.
Trinidad and Tobago signed a subscription of capital with CAF -Development Bank of Latin America- for USD 190 million, which will help support strategies and public policies that stimulate economic growth, fiscal stability, social inclusion, environmental sustainability and regional integration.
The agreement, made public during the 163rd Meeting of the Board of Directors of CAF in Montevideo, was signed by Luis Carranza, Executive President of CAF, and Colm Imbert, Minister of Finance of Trinidad and Tobago.
"This contribution sends a message of confidence on the part of CAF’s shareholder countries, and represents the commitment of Trinidad and Tobago to continue promoting public policies that stimulate sustained economic growth, fiscal stability and social inclusion”, said Luis Carranza.
Trinidad and Tobago’s new capital contribution amounts for 13,381 Series "B" registered shares, valued at USD 14,200 each, payable in eight annual and consecutive payments.
In the last three years, CAF has approved USD 600 million in loans for Trinidad and Tobago, helping support policies that promote fiscal sustainability, tax administration reform, efficiency in public spending, and the management of public debt.
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