CAF makes donation to help those affected by rains in Argentina, Paraguay, and Uruguay
Enrique Garcia, CAF's Executive President, announced the approval of immediate donations to the governments of Argentina, Paraguay, and Uruguay to support the population affected by the strong rains
Enrique Garcia, Executive President of CAF, Development Bank of Latin America, announced the approval of immediate donations for USD 100,000 to each government in those countries, in order to support the affected population.
Garcia commented, "We want to express our solidarity with the governments and people of Argentina, Paraguay, and Uruguay for the thousands of victims and significant material damages caused by the strong rains".
In addition, CAF made loans available to each country for up to USD 50 million to contribute to overcomes the emergency and support the execution of preventive works, through the use of a regional line of credit approved for this end. "This line of credit is available for extreme events resulting from climate, earthquakes, contaminating accidents, and epidemics that may affect CAF shareholder countries in the region", stated Garcia.
CAF's more recent content
CAF Board approves Antigua and Barbuda’s membership
This incorporation is in addition to the Board’s approval in March 2024 of The Bahamas, Dominica, and Grenada. CAF is on track to become the development bank with the largest presence in the region, which will result in increased support for green and sustainable development projects.
CAF allocates USD 200 million to intervene 3,370 km of roads in Peru
This financing will support the improvement of 3,370 km of roads, promoting efficient infrastructure and logistics services in regions with export and productive potential.