Minister of Economy and Finance Juan Carlos Vega participated in the meeting of the Board of Directors of the CAF-Development Bank of Latin America and the Caribbean, which took place in Rio de Janeiro.
“We are strengthening cooperation and strategic alliances,” said the official, who was with 21 ministers of economy and finance, presidents of central banks and high officials of shareholder countries at this meeting held in Brazil.
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The meeting was held on December 8, and before the trip the Ministry of Economy pointed out that the strategy and work goals of the multilateral organization for the year 2024 will be known at the event, “with the aim of improving the analysis of potential sources of financing and technical assistance”. aid for Ecuador.”
CAF’s board of directors held its first session in Brazil, which “symbolizes a significant end to the year,” indicated the organization, which announced at the end of the Mercosur summit that it will promote integration trends in South America by securing $3 billion for infrastructure projects for integration with the aim of facilitating trade and services between the countries of the region.
🟢 For the first time, #CAFDirectory held its session in Brazil 🇧🇷, marking a turning point in the institution’s history. The meeting of the CLXXX Board of Directors, which consists of 21 ministers of economy and finance, presidents of central banks and high authorities of countries… pic.twitter.com/W4xhJeZsbZ
— CAF (@AgendaCAF) December 8, 2023
The announcement is part of the signing of the Integration Routes initiative, which includes CAF, the National Bank for Economic and Social Development (BNDES), the Inter-American Development Bank (IDB) and Fonplata, which makes a total of 10,000 million dollars available to guarantee the implementation of a series of strategic projects to create network of South American integration and development directions.
“Our commitment to regional integration goes beyond being just a bank priority; It is indeed part of our essence at OSRH. Throughout our history, we have approved more than $200 billion in projects for Latin America and the Caribbean. In the last 25 years, we have financed more than 96 projects aimed at physical integration among states,” he said. Sergio Diaz-Granadosexecutive president of OSRH.
On November 24, the President of the Republic Daniel Noboa and Minister Vega met with DÃaz-Granados to strengthen relations and advance the cooperation plan.
Source: Eluniverso
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