Agreement with Chile to stimulate trade
The parties to the agreement said their intention was that CAF should participate in the program for financing exports of capital goods, durable consumer goods and engineering and assembly services, developed by CORPO, with CAF acting as fund intermediary.
CORFO will consider the agreements adopted as a financing scheme for Chilean exporters, with CAF as creditor of Andean importers.
Chile, with Mexico and Trinidad and Tobago, has been a member of CAF capital since 1992, year when the country subscribed to "C" series shares for over US$5 million. These shares are reserved for extra-regional countries.
Chile was founding member and full shareholder of CAF until 1997 when it withdrew from the Andean Group over disagreements with the economic model adopted at the time. However, in view of the adoption of similar macroeconomic policies, Chile today maintains commercial relations and does business with all the Andean countries through bilateral agreements or institutions such as CAF.
The agreement between the two institutions will be signed by CAF President & CEO Enrique García, and CORFO general manager Eduardo Colodro.
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)