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US$100b plan to build Latin America, Caribbean into geopolitical power
['Kimone Francis Senior Staff Reporter']
Jamaica Gleaner
PANAMA CITY, Panama:The CAF-Development Bank of Latin America has unveiled a US$100-billion expansion road map aimed at reshaping Latin America and the Caribbean from a global “pantry” into a geopolitical powerhouse.
Díaz-Granados, who was speaking against the backdrop of the Panama Congress bicentennial, disclosed that the regional development bank is expected to grow by 70 per cent over the next five years.
“Our region is not a marginal player, but a first-order actor on the global geopolitical chessboard.
He said CAF has a key role to play with 24 shareholder countries, and is moving towards being the development bank with the greatest geographic presence in the region.
This week, we expect to finalise nearly 35 agreements with strategic partners to strengthen work in digital transformation, energy transition, security, trade, and sustainability.