Source:https://caribbean.loopnews.com/, News Editor, First Published on Jan 30th, 2024 Antigua and Barbuda is one step closer to becoming a shareholder of the Development Bank of Latin America and the Caribbean (CAF) The development follows the signing of the Share Subscription Agreement and the Immunities and Privileges Agreement by Prime Minister Gaston Browne and CAF Executive President Sergio DíazGranados yesterday, on the margins of CAF’s inaugural International Economic Forum for Latin America and the Caribbean in Panama City. ANTIGUA AND BARBUDA ADVANCES TOWARD CAF MEMBERSHIP OPENING LINES Last August,Antigua and Barbuda signed a Letter of Intent during its hosting of the United Nations SIDS 4 Conference. Speaking following the signing of the agreements, Browne stated: “We are certainly very happy to become an official shareholder of the Bank. We received a briefing today, so we recognise there are many opportunities to be exploited. We are very pleased with the quick turnaround time, not only with this agreement but the fact that it is a part of the ethos of the Bank to turn around your loans and advances [disbursements] very quickly. This is not very typical of a multilateral bank so we are very impressed, and we believe this will be a very fruitful 9 BUSINESS VIEW CARIBBEAN VOLUME 12, ISSUE 03
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