CAF Considers Opening Headquarters in Panama

The Development Bank of Latin America and the Caribbean (CAF) also considers the possibility of opening a headquarters in Panama in March 2027. "We want the annual meeting in Panama to become the Davos of Latin America and the Caribbean," he said. If the summit is confirmed for January, it will coincide with the visit of the President of Brazil, Luiz Inácio Lula da Silva, to Panama to participate in the International Economic Forum organized by the Development Bank of Latin America and the Caribbean (CAF). In addition to positioning Panama globally, it will showcase its progress in fiscal responsibility. The rescheduling of the LXVII Summit of Heads of State of the Southern Common Market (Mercosur) and Associated States will delay Panama's first official participation in the block until next year. Sergio Díaz-Granados, executive president of the CAF, pointed out last October that his intention is for the forum to be held regularly in the country. The event, described by President José Raúl Mulino as the "Davos of Latin America," will bring together more than 2,500 people to address the region's challenges and opportunities. Chancellor Javier Martínez-Acha informed about the suspension of the meeting, which was tentatively scheduled for January 14, 2026, according to the Mercosur website. He reiterated that the bank's mission is to boost investments between countries so that the region's growth is greater. The Executive Body has also expressed its intention to belong to this group on a permanent basis, offering its logistical platform as the main advantage. According to the authorities, this forum is the right scenario to cultivate ties of friendship, boost the economy, and attract investment. Although he did not delve into the reasons for the event's cancellation, he noted that everything is progressing "very well" and hopes that it can take place next year.