CGD has a new line of credit of USD 50 million for enterprises
The objective is to expand the support to Portuguese enterprises that are expanding their businesses in Latin America, as well as to those in the region that want to invest in Portugal
CAF, Development Bank of Latin America, approved a USD 50 million line of credit to Caixa Geral de Depósitos (CGD) to Enrique Garcia, the Institution´s Executive President, expressed, "In the past few years, CAF´s presence in Europe has been increasing exponentially through an academic network of centers of excellence that promote the dialogue and discussion on Latin American issues. With this line of credit through the CGD, Portuguese and Latin American companies with projects developed between Portugal and Latin America will have financing for the development of both regions".
The objective of this line is to expand the support to Caixa Geral de Depósitos(CGD) is a bank with public capital, created in 1876. CGD is the largest Portuguese bank, with more than 4 million clients, reaching more than 112 billion Euros in assets, with presence in 4 continents and 23 countries. CDG is positioned as an institution with a crucial role in the Portuguese financial system, resulting from the importance and responsibility of its contribution to economic development, strengthening of competitiveness, innovation capacity, and internationalization of Portuguese companies. For more information, visit iwww.cgd.pt/investor-relations.
CAF's more recent content
CAF, ECLAC, IDB and PAHO Promote Sustainable Development in the G20
The Regional Organizations of the Americas congratulate Brazil on its successful G20 Presidency, highlighting its leadership on key issues such as poverty, governance, and climate change. They also reaffirm their commitment to actions that promote equity and development in the region.
Urgent Call for Action to Safeguard Caribbean SIDS at CAF Symposium
As the global community grapples with the escalating climate crisis, Caribbean Small Island Developing States (SIDS) are running out of time to secure critical investments and support needed to strengthen their economies and protect vulnerable communities from the intensifying impacts of climate change. With the window to take decisive action rapidly shrinking, CAF - Development Bank of Latin America and the Caribbean, in partnership with the Commonwealth Secretariat and the Antigua and Barbuda High Commission, brought together key stakeholders for a symposium in London to address the critical vulnerabilities Caribbean SIDS face.