Guatemala has begun the process to join the Development Bank of Latin America and the Caribbean (CAF). The Finance Ministry revealed the news, describing the move as a ‘historic milestone for regional integration’. CAF Executive President Sergio Díaz-Granados stated that the agreement would expand their continental reach, promote economic recovery of the region and boost Guatemala’s sustainable development. To fund the capitalization required, Guatemala announced Series C shares will be made available earlier in May. Finance Minister Jonathan Menkos added that the government is looking for strategic partners for mass transit plans including the Guatemala City Metro, port improvements and construction of road infrastructure.