![First issue in Mexican market First issue in Mexican market](/media/28778/emisiones_142.jpg)
First issue in Mexican market
CAF President & CEO Enrique García said, "this new placement in local currency is part of the Corporation’s strategy to obtain funds. CAF uses these funds to concentrate its strategy of action on the socioeconomic development of its shareholder countries by financing operations to improve the competitiveness of their economic sectors, develop their economic and social infrastructure, promote physical and border integration in the region, promote the SME sector, strengthen national and regional financial markets, develop human capital and foster state reform and modernization."
Continuing its permanent presence on the most demanding international markets, the Corporation issued bonds on international capital markets for US$809 million in 2006. This year CAF has been very active with US$673 million issued so far: US$250 million on the Yankee market; two issues in Venezuela totaling 235 billion bolivars; and one on the Japanese market for 30 billion yen.
García ended by saying that CAF’s success in accessing international capital markets is mainly due to the high credit ratings granted by the risk agencies. "The Corporation's ratings, which are among highest for debt issuers in Latin America, recognize the excellent solvency of the Corporation which is based on its legal structure and financial strength."
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)