Objective: As the region advances in its process of development, new and greater challenges appear. As a leading institution in the promotion of development in the region, the CAF requires a knowledge base to react to these new challenges. Additionally, local research institutions have increasing difficulties in keeping abreast of developments and attracting new researchers who are training overseas. The objective of this program is to establish a mutually beneficial relationship by assisting local researchers, while the CAF benefits by developing the issues on its agenda. The program is divided into two components: a guest researcher program and a competition for research works. Guest Researcher Program: Through this program, researchers specializing in issues on the CAF priority agenda are invited to continue their work in the CAF headquarters in Caracas for about three months, collaborating on issues that CAF researchers are currently working on or which they feel require attention. Program of Research Works Competition: This program calls for submission of research works on issues of interest to the CAF. The works should cover issues that are included on the CAF priority agenda for which no resources are available and/or cannot be immediately developed because of the short-term agenda of the CAF researchers.