CAF Management Policy Update
The new policy focuses on improving efficiency, impact and streamlining CAF’s actions on regional development and integration.
The Board of Directors of CAF—development bank of Latin America—approved today a revision of its Management Policies.
The Management Policies establish the reference framework to deliver products and provide services to CAF’s customers. They are mandatory for all directors, officials, employees, service providers and all individuals and corporations that perform activities for CAF.
“The purpose of the revision is to develop a modern, clear and transparent management tool, which allows us to ensure CAF’s agility and impact on the development of its shareholder countries,” said CAF Executive President Luis Carranza Ugarte.
The Management Policies set out the principles according to which operations are to be implemented, in order to maintain strict standards of prudence and to act under the most stringent ethical, non-discrimination principles, and in accordance with the rules on transparence, conflict of interest and prevention of money laundering.
The new standard falls in line with CAF’s growth and projection, and gives the institution the highest international standards in the field of multilateral banking. The policy is a public document, based on the institution’s commitment to its customers, partners, suppliers and stakeholders, as a relevant player in development and integration processes of Latin America and the Caribbean.
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.