![Creation of Fund for promotion of sustainable infrastructure projects Creation of Fund for promotion of sustainable infrastructure projects](/media/29217/proinfra.jpg)
Creation of Fund for promotion of sustainable infrastructure projects
CAF President & CEO Enrique García explained that PROINFRA was part of the actions being taken by the Corporation to support the IIRSA initiative. "In recent years CAF has approved US$3.00 billion to finance 40 physical integration projects, representing an investment of US$10 billion. Also in 2005, as part of the US$4.8 billion approved in this period, CAF destined US$1.00 billion to finance nine physical integration projects, mobilizing investments of around US$3.00 billion." In relation to PROINFRA, García explained that "the idea is to advise on project design, preparation of bidding conditions, the financial structuring of operations, and during the subsequent negotiations, in an effort to overcome the difficulties and weaknesses of the projects and processes, avoiding increased costs."
García said that the Fund would cover general sectoral, pre-feasibility, feasibility, environmental and social impact studies, as well as consulting on financial structuring, works concession and bidding processes, and the optimization of selection processes and prioritization of public investment projects, especially public-private associations.
The entities eligible for funds from PROINFRA are the official bodies responsible for project planning and design; government dependencies responsible for preparing documentation and organizing bidding processes; agencies responsible for the preparation and/or supervision of environmental and social studies; institutions specializing in leading concession processes or structuring project finance; and public or private entities that promote projects that meet the eligibility requirements for CAF projects.
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)