CAF – Growth Financial institution of Latin America and the Caribbean efficiently concluded an exploratory mission to The Bahamas.
The mission follows the formal settlement signed between The Bahamas and CAF in April 2024 and the passage of the CAF Invoice on July 26, which laid the groundwork for the graduation of CAF operations within the nation. It additionally marks an vital step in deepening an understanding of the important thing areas the place CAF can present strategic help.
Led by CAF’s Regional Supervisor for the Caribbean, Dr. Stacy Richards-Kennedy, and CAF’s Consultant for the Northern Caribbean, Oscar Avalle, the two-day mission sought to determine and strengthen relationships throughout the state sector. It additionally demonstrated CAF’s collaborative method – listening intently to the distinctive wants of its shareholder international locations to ship agile and versatile monetary options.
Throughout the mission, CAF representatives held productive discussions with Prime Minister Philip Davis and Minister of Overseas Affairs Frederick Mitchell. In addition they paid a courtesy name on Chief of the Opposition Michael Pintard and East Grand Bahama MP Kwasi Thompson.
The staff engaged in working periods with senior technocrats throughout varied ministries, presenting CAF’s experience in areas equivalent to infrastructure growth, local weather change, sustainable agriculture, schooling, and well being, all aligned with the Sustainable Growth Targets (SDGs). CAF additionally highlighted its potential help for small and medium enterprises (SMEs) and water administration options.
Dr. Stacy Richards-Kennedy acknowledged: “We’re happy to have engaged straight with key stakeholders in The Bahamas. This mission represents the beginning of what we anticipate to be an extended and productive partnership. Our focus is on aligning our experience with the nation’s priorities, and we’re able to help The Bahamas in realising its growth targets.”
Oscar Avalle, added: “At CAF, we recognise that each nation’s growth wants are distinctive, and The Bahamas is not any exception. As we transfer ahead, our precedence is to make sure our help is responsive, versatile, and delivered with the agility required to satisfy the evolving wants of the Bahamian folks. Our dedication is to function a dependable growth companion in constructing a sustainable and resilient future for The Bahamas.”
CAF appears to be like ahead to working intently with all actors within the nationwide growth course of to advance its partnership with The Bahamas and contribute to the nation’s continued growth and prosperity.
