US$200,000 technical cooperation for Caracas municipality
The ceremony, held in CAF headquarters, was attended by Mayor Aristóbulo Istúriz and other municipal authorities. CAF President & CEO Enrique García emphasized the importance of the operation because it will facilitate knowledge transfer, strengthen technical capacity and raise the municipality’s competitiveness and institutional capacity in the area of international cooperation for the direct benefit of the community.
The funds will be used to strengthen the municipality’s capacity for generating finance and grants in the country and the rest of the world for execution of investment projects. The agreement will strengthen capacity to identify sources and generate funds, and transform ideas of the municipality, the community and non-government organizations into "bankable projects," which are acceptable for finance from national and international sources. It will also make possible the organization of international technical meetings to exchange and transfer experiences in the municipal area.
CAF provides commercial, investment and development banking services. With assets over US$2.25 billion, the Corporation has also among its shareholders Mexico, Chile, Trinidad and Tobago and 25 private banks from the Andean region.
In the last five years, the cumulative amount of technical cooperation grants in favor of member countries totaled US$30 million. In 1994, the US$8 million granted under this operating facility were used to support economic, social and environmental activities, indispensable for achieving sustainable development.
CAF's more recent content
![CAF, JICA and Sicredi join forces to support women and rural producer CAF, JICA and Sicredi join forces to support women and rural producer](/media/4669796/foto_sicredi_divulgação_310724.jpg)
CAF, JICA and Sicredi join forces to support women and rural producer
The amount represents the largest international facility ever undertaken by Sicredi, with the involvement of four internationally renowned entities: Banco Finantia, BNP Paribas, Eco.business Fund, and Sumitomo Mitsui Banking Corporation (SMBC). The funds raised can also be used in regions with a Human Development Index below the national average.![CAF-FAO: Digitization project for agribusiness with repository launch CAF-FAO: Digitization project for agribusiness with repository launch](/media/4669830/caf-fao.png)
CAF-FAO: Digitization project for agribusiness with repository launch
The Food and Agriculture Organization of the United Nations (FAO), CAF -development bank of Latin America and the Caribbean-, the Ministry of Agriculture, Land and Fisheries and the Tobago House of Assembly celebrated the successful completion of the “Digitization and Innovation for the Competitiveness and Sustainability of the Agribusiness Sector in Trinidad and Tobago” project. The closing ceremony, that took place on the 29th of July, marked a significant milestone in the country's efforts to modernize and enhance the agricultural sector.![CAF recognizes Panama's water potential in the face of climate change CAF recognizes Panama's water potential in the face of climate change](/media/4669780/2_cuencas_hidro_caf_.jpg)