US$15 million approved to finance exports by Latin American SMEs
The private capital fund - managed by Crecera Finance Management Company LLC - has its main geographic focus in Argentina, Brazil and Peru but also hopes to originate operations operations in Colombia, Mexico, Uruguay and Central America.
CAF President & CEO Enrique García said equity participation reflects the multinational bank´s interest in projects that promote the development and competitiveness of small and medium enterprises and export diversification, and generate sources of direct and indirect jobs in rural areas in Latin American communities which are below the poverty line.
"This investment will open the way for greater participation by private investment in the export sector and stimulate the sustainable development of countries in the region," García said, emphasizing the catalytic role that CAF plays in strengthening the Fund in relation to international investors.
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.