Fortaleza municipality signs agreements for $95 million
The agreements were signed by Fortaleza Prefect Luizianne Lins, and CAF director representative in Brazil Moira Paz-Estenssoro.
Fortaleza municipality, capital of Ceara state in northeast Brazil, is one of the most important tourist destinations in the country and one of the 12 host cities for World Cup 2014.
The first loan agreement for USD 45 million will partially finance the Municipal Urban Drainage Program (Drenurb) which will improve the environmental and health conditions of the population by means of optimization of the urban storm drainage system, environmental recovery and protection, and restoration of watersheds in the municipality.
The second agreement for USD 50 million is allocated to the National Tourism Development Program (Prodetur), whose objective is to promote sustainable tourism in Fortaleza by expanding infrastructure coverage on the Beira Mar and Futuro beaches in the northern part of the city.
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.