![During his official visit to Venezuela President Tabaré Vázquez visits CAF During his official visit to Venezuela President Tabaré Vázquez visits CAF](/media/29240/tabare_20060315.jpg)
During his official visit to Venezuela President Tabaré Vázquez visits CAF
After the meeting, García said: "Uruguay is an important CAF partner so the finance granted by the Corporation in the five years of membership has permitted the country to make headway with its internal and external integration plans, determining factor for improving its competitiveness indexes." He added that there was great interest and a strong commitment by both parties in favor of the physical and financial execution of major integration infrastructure projects with impact on development and social inclusion in Uruguay and South America.
The visit of President Tabaré Vázquez took place at a significant time for the development of the institution in the context of the renewed integrationist efforts in which the decision was taken to amend the CAF Establishing Agreement to offer the existing 12 non-Andean shareholder countries, and other countries of Latin America and Caribbean, the possibility of becoming full members, with the same rights and obligations as the current Andean partners. Garcia said: "I am convinced that Uruguay, under the leadership of President Tabaré Vázquez, is being called on to play a role of first order in the process of strengthening the institution as a financial instrument for Latin American integration, assuming a leading role in the South American sphere based on an Agenda that originated in the region itself."Uruguayan presence in CAF
The most important operations approved by CAF in favor of Uruguay include the Phase I Road Infrastructure Program for US$25 million and Phase II for US$70 million, the latter divided into US$50 million as direct loan, and US$20 million as partial guarantee of bond issues to supplement the required financing. The main objective of the two programs is to modernize and adapt the national highway system to facilitate Uruguayan integration with the other Mercosur countries, including various priority projects in the South American Regional Infrastructure Integration Initiative (IIRSA). Uruguay has a privileged geographical location which facilitates its active participation in the IIRSA.
In addition to support for financing of integration infrastructure, CAF will participate in a risk capital fund for medium-sized exporting companies, support microfinance institutions, and provide financial advice to Administradora de Ferrocarriles del Estado (AFE) (Uruguayan National Railways) related to the bidding process for a public-private partnership (PPP) contract to upgrade the country's rail system.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)