Barbadians are being encouraged to capitalize on investment opportunities across the Caribbean and Latin America as Barbados prepares to become a full member of the Development Bank of Latin America and the Caribbean (CAF). Finance and Economic Affairs Minister Ryan Straughn emphasized this vision during the introduction of the Development Bank of Latin America and the Caribbean Bill in Parliament on Tuesday. The bill, which seeks to elevate Barbados’ membership status, will unlock access to up to US$18 billion in concessional financing for the government, local businesses, and individuals. Straughn highlighted that this financial access will empower Barbadians to acquire businesses regionally and beyond, fostering economic growth and integration. He urged a shift in mindset from concerns about foreign ownership to proactive regional investment by Barbadian enterprises. Straughn also called on local credit unions to innovate and support this vision, enabling Bajan companies to expand their reach. As the smallest member of CAF, Barbados will join a prestigious group of regional economies, marking a significant milestone in its financial and economic integration with Latin America and the Caribbean.