Funds for Argentine space sector
- The Latin American development bank approved US$70 million for the first phase of the National Space Sector Integrated Development Project.
- The operation will make the use of satellite data more efficient in productive activities such as agriculture, forestry, fisheries, hydrology, environmental protection, protection against natural disasters, tourism, among others.
The operation is part of the National Space Program which promotes conditions for the construction, development and launch of orbital satellites developed under the concept of segmented architecture.
The earth observation satellites, which weigh between 200 and 400 kilograms, act as a constellation, generating multiple benefits in terms of cost, time, risk, adaptation and logistics.
CAF representative director in Argentina �lvaro Garc�a said “specifically the aim is to meet the requirements of ground and communication infrastructure in order to increase the productivity and competitiveness of the satellite sector with a view to making more efficient use of satellite data in productive activities such as agriculture, forestry, fisheries, hydrology, environmental protection, natural disasters mitigation, and tourism."
This project, which will have national impact, consists of improving the country’s capability for developing satellite materials and components with space quality, expanding the capacity of trials to grade the materials developed and required for the launchers and satellites as space quality; building the ground communication infrastructure needed to process all the information required; and developing the ground infrastructure needed to launch the satellites from Argentina.
CAF had previously approved finance for the sector in 2010 with a US$36 million loan to Argentina to partially finance the AR-SAT Argentine Geostationary Satellite Project.
CAF's more recent content
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
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.