![Asian banks grant US$100 million to CAF Asian banks grant US$100 million to CAF](/media/3505/finanzas06-142.jpg)
Asian banks grant US$100 million to CAF
- The financial institution attracts funds from other regions for development in Latin America.
- The syndication was led by Mizuho Corporate bank, Ltd.
"The loan has created synergy among Asian banks for granting this type of financial facility to a Latin American development institution, with the special participation of Taiwanese banks which broadens the investor base. This speaks clearly of the confidence that CAF has earned in the Asian market" CAF President & CEO Enrique García said. He added that the development bank was reaffirming its commitment to the countries of Latin America by opening new horizons in Asia.
"This reflects the catalytic role that CAF plays by attracting additional external funds which help to stimulate Latin American economies to increase their growth and productivity, which facilitates sustainable development in the region," García said.
Mitsuhiro Nagahama, deputy chairman and director representative of Mizuho Corporate Bank Ltd, said: "we are very pleased to have helped CAF access the global market of syndicated loans and continue to diversify its sources of financing in Asia."
"This operation reflects the capacity of Mizuho to provide our clients with access to a broad base of investors through our extensive international network, along with our commitment to deepening financial links between the Asian and Latin American regions," Nagahama said.
Mizuho Corporate Bank led the syndication as Mandated Lead Arranger with the participation of other banks in the syndication including Bank of Taiwan as Lead Arranger and Chang Hwa Commercial Bank Ltd, Taiwan Cooperative Bank, United Taiwan Bank S.A. and Land Bank of Taiwan as Arrangers.
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)