Promotion of Canadian investment in Latin America

"The growth the region needs to achieve sustainable development has not only to be high but also of high quality. To attain this, at CAF we promote investments in the region in activities which generate higher value added, through a necessary productive transformation. We are confident that agreements such as this will open up new opportunities in that direction, and transform us into a region with more ​​dynamic economies," García said.

EDC – a 100% state-owned corporation - is Canada’s export credit agency, the organization which helps Canadian exporters and investors to expand their international business. The agency provides its services annually to over 8,300 Canadian companies, almost 80% small- and medium-sized enterprises.

Investment in infrastructure is one of the cooperation areas proposed in the memorandum, including sustainable and clean energy, transport, ports, airports, water, sanitation and environment in Latin America. In addition, the two organizations will share knowledge, foster closer relations between Canada and Latin America, and promote dialogue between public and private actors from both regions.

"CAF strongly supports the development of physical infrastructure in Latin America. During the past decade operations were approved for over US$7.30 billion to finance 57 regional physical integration projects." "These efforts aim to meet the basic needs of our 18 shareholder countries and support processes of integration and international competitiveness in the region," the CAF president said.