Reproduced from the CAF website
During the ceremony, held under the Sixth Summit of the Americas in Cartagena de Indias, the Prime Minister stressed the value of this subscription since it "will allow Trinidad and Tobago have permanent access to long-term financial resources and technical cooperation for sustainable development. "also" provide an opportunity to strengthen South-South cooperation, open new markets and promote the country's presence at the regional level. "
For his part, Enrique Garcia expressed his pleasure at this addition, which is "a very clear from the will and political interest of the Government of Trinidad and Tobago to strengthen its relations with Latin American countries and to strengthen links work and cooperation with CAF. " In this respect, he stated "the institution is called upon to play a central role in promoting regional development and regional integration, especially in the increasingly narrow approach between the Caribbean and South America," he said.
Similarly, the CAF president stressed that this signature reflects the confidence of Trinidad and Tobago in CAF. "It recognizes the contributions being made as a development bank, from a holistic perspective by not only providing financial services, but also as a center of thought, as a bridge between the region and the world and as a source relevant grants for technical cooperation. "
Announced in this context, the future opening in Port of Spain Regional Office for the Caribbean CAF, which will play a central mission in the financing of strategic projects for Trinidad and Tobago, both public and private sector, and contribute to efforts being conducted by the national government in the country to establish a center for international business. It will also be a platform for closer economic ties and collaboration with CAF other Caribbean nations and regional bodies such as CARICOM and the Association of Caribbean States (ACS).
Since joining as a shareholder in 1994, Trinidad and Tobago has increased its relationship with CAF. With the amendment of the Articles of the Institution in 2008 allowed the incorporation, as full members, other Latin American and Caribbean countries with the same rights of the founders, with the full-time shareholders of the 18 countries-Argentina, Bolivia, Brazil, Colombia, Ecuador, Panama, Paraguay, Peru, Uruguay and Venezuela, and with this new subscription Trinidad and Tobago.
Through this firm, paid-up capital is raised by Trinidad and Tobago to USD 332.4 million CAF.
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