![US$500 million for Colombia US$500 million for Colombia](/media/29154/directoriogeneralnueva.jpg)
US$500 million for Colombia
On the Contingent Line of Credit, CAF President & CEO Enrique García said that "growth of the Colombian economy has outstripped expectations, thanks to prudent macroeconomic management and the favorable trend of the world economy." He added, "it is just this characteristic of the environment which promotes the continuity of a future strategy for debt management, aimed at strengthening the incorporation of contingent lines of credit, such as that approved today."
García said that operations such as this were instruments that supported public policy by guaranteeing resources for optional execution of debt management, and permitting the Colombian State to take actions to cushion the impact on the national budget at the same time as improving conditions for participation in capital markets, all which will benefit fiscal policy.
Strengthening Colombian foreign trade
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)