CAF was originally established by five Andean member countries: Bolivia, Colombia, Ecuador, Peru, and Venezuela. Nevertheless, a deeper relationship with the Caribbean started in 1994 when Trinidad and Tobago (T&T) signed the agreement to become a Series “C” CAF member. Later, Jamaica and Dominican Republic became a Series “C” shareholder in 1999 and 2004, respectively.

Given CAF’s founding commitment to regional integration, in 2005 CAF amended its establishing agreement to allow other LAC countries to become full members. In 2012, T&T began the process to become a full member of CAF, and in 2016 the first Caribbean CARICOM (Caribbean Community) Member of the Bank. CAF’s Office in Port of Spain opened its doors in October 2013.

In 2014, Barbados signed an agreement to become a Series “C” shareholder of CAF In September 2022, CAF established a Regional Office for the Caribbean to provide development assistance to Caribbean countries as well as strengthen coordination with regional integration mechanisms, notably the Caribbean Community (CARICOM) and the Association of Caribbean States (ACS) and the Organisation of Eastern Caribbean States (OECS) and others.