![Participation in fund to support Brazilian productive sector Participation in fund to support Brazilian productive sector](/media/3630/energia03.jpg)
Participation in fund to support Brazilian productive sector
- CAF announces participation in Fundo de Investimento em Direitos Creditórios AGN Fornecedores Petrobras
- The development bank’s presence will expand the interest of private investment in the Brazilian energy sector
"The idea is to create conditions in which local suppliers can solve their technology, staffing and financial needs, as a way of supporting investment in the energy sector of this CAF member country," Moira Paz Estenssoro, CAF director representative in Brazil, said.
The CAF executive said the Latin American financial institution's participation in the Fund was in line with its strategic objectives. "This time we are specifically supporting a strategically important sector with growth potential: the Brazilian northeast." CAF’s presence in the Fund will facilitate increased participation by private investment in the economic and financial strengthening of the suppliers to the sector, promoting economic growth and regional development.
FIDC AGN is a capital fund whose objective is to invest in receivables derived from contracts between Petrobras and its suppliers related to sale and supply of goods and services by local suppliers to companies in the Petrobras group, specifically in the Brazilian Northeast with focus on Rio Grande do Norte state.
The creation of the Fund came out of a private initiative with state support, through AGN Agencia de Fomento do Estado do Rio Grande do Norte, S.A., as one of the actions taken by Petrobras in favor of the development and investments needed in the Brazilian energy sector.
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 reconoce potencial hídrico de Panamá ante el cambio climático CAF reconoce potencial hídrico de Panamá ante el cambio climático](/media/4669780/2_cuencas_hidro_caf_.jpg)