French resources to boots development in the region
The agreement was signed at CAF’s headquarters by CAF Finance Vice President Hugo Sarmiento and AFD Latin America and Caribbean Director Phillipe Orliange, and is part of a partnership that both institutions reached in 2009.
"We are the development bank of Latin America and, in that regard, we honor our responsibility to play a catalytic role in the approach to other regions, as well as being an important generator of knowledge on development issues with the aim of raising the international profile of Latin America," Sarmiento said after the signing ceremony.
Orliange said he was “happy for that extra step in strengthening the relationship” between both institutions. “We are strategic partners in the region and within the International Development Finance Club (IDFC), we will keep moving forward together."
This agreement is part of the AFD-CAF joint program to support projects that have a positive social and environmental impact, particularly in the urban transportation, energy, water and sanitation sectors.
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.