CAF -development bank of Latin America and the Caribbean- approved US$2.74 billion for Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, El Salvador, Honduras and Peru.
The financing is aimed at helping to boost the energy transition, the resilience of strategic ecosystems, social well-being, physical and digital infrastructure, productivity and resilient territories.
In addition, the organization continues its expansion process in the Caribbean with the incorporation of Antigua and Barbuda, which becomes the fourth Caribbean country to join CAF in 2024.
Last March, Bahamas, Dominica and Grenada began their process of joining CAF as members with Series “C” shares, which will allow them to access the technical, financial and knowledge services that the organization offers to its shareholder countries to improve the quality of life of citizens.
CAF’s new positioning in the Caribbean is giving a new dimension to an institution created by Bolivia, Chile, Colombia, Ecuador, Peru and Venezuela, which, 56 years later, has 21 shareholder countries and is one of the main sources of multilateral financing in the region.
Sergio Díaz-Granados, CAF’s executive president, said that “the Lima Board meeting was historic.” The record number of credit approvals, the incorporation of Antigua and Barbuda and the signing of humanitarian aid for Barbados, Ecuador and Honduras “reflect the ability to promote sustainable development that improves the quality of life of Latin Americans and Caribbeans.”
“All of this is a sign of CAF’s commitment to doubling its portfolio by 2030, which will allow us to contribute even more to the development plans of our member countries and will accelerate regional integration,” said the senior official.
CAF: What loans will it provide in Peru?
CAF will support the improvement of 9 of the 15 road corridors planned within the second phase of the Road Infrastructure Program for Regional Competitiveness (PROREGIÓN II), benefiting more than 2 million inhabitants of the departments of Arequipa, Cajamarca, Cusco, Huánuco, Ica, Lima and Ucayali.
In Chile, CAF approved two loans. The first is for the State Railways Company (EFE) of that country and will contribute to financing the expansion and modernization of the country’s railway network. The second is the facility for Banco Santander, which will support the financing of green and sustainable projects in various modalities.
Source: Larepublica
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