The Concacaf board of directors, led by Víctor Montagliani, agreed to launch the new tournament called 'Nation's League' for the region's national teams, which aims to increase competitiveness in the area.
The competition will begin on the FIFA dates of September 2018 and will include the 41 member countries of Concacaf, including Mexico and the United States.
The teams will be divided into three groups according to their "sporting level", with promotion and relegation. The tournament will also serve as a qualifying phase for the Concacaf Gold Cup.
The format is similar to the UEFA Nations League in Europe, which will also start in September, but Montagliani believes that Concacaf will address the problem faced by Caribbean islands in developing a regular competition.
"This new tournament is highly beneficial for all our associations and fans everywhere, as it provides opportunities to play competitive and important matches throughout the year," Montagliani said in a telephone interview.
"Our larger countries have the ability to do this, but in my opinion, our system was archaic and you had countries playing four to six matches in a four-year period and that makes it difficult to develop football in any capacity," he added.
With a large number of teams that have never appeared in a World Cup and have struggled to organize and finance friendly matches, Montagliani said Concacaf had a real need for matches to help those teams progress.
"Of course, some countries will not win the World Cup, but that's not the point. The point is that everyone deserves the basic needs to try to develop their game and I think this Nations League provides a great platform for the 41 countries," Montagliani said.
The executive said that the format, which will be defined in February, would guarantee that all teams have the resources to participate in the competition.
"This allows smaller countries to participate at a minimum level that has not always been the case," he pointed out.