CAF to Conduct 3rd Stage of Water Pre-Investment Program to strengthen water and sanitation project structuring
The support provided thus far in the preparation and supervision of tender specifications, financial structuring of operations and the subsequent implementation of the program projects in Latin America will improve quality of life for 1.9 million people.
Improving the quality of pre-investment studies in the water and sanitation sector in Latin America is imperative to increasing the efficiency and impact of the projects. For this reason, the bank’s board of directors endorsed the Pre-Investment Program for the Water Sector (PPSA) through its third phase.
There is high demand from the institutions of its 19 member countries, which is why this third phase will receive USD 5 million in addition to the USD 10 million granted for phases 1 and 2, to continue improving the quality of projects in terms of access, expansion and improvement of water and sanitation services, as well as agricultural irrigation and flood control in the region, promoting cutting-edge technologies and best practices in the implementation of programs and projects.
“The quality of the projects is fundamental to driving the social pact in Latin America. We are the countries’ strategic partner, not only in terms of financing, but also with initiatives such as this program, which strengthen the creation of investment projects, advise on the preparation and supervision of tender specifications, and help with the financial structuring of operations and their subsequent implementation,” said CAF Executive President Luis Carranza.
The first phase of the Pre-Investment Program for the Water Sector prioritized eight projects distributed across six countries (1 in Bolivia, 2 in Brazil, 2 in Ecuador, 1 in Panama, 1 in Paraguay and 1 in Trinidad and Tobago – see infographic at the end), one of them with co-financing by another international institution, which are expected to improve quality of life for 1.9 million people in the coming years.
CAF's more recent content
![Paving and maintenance of rural roads to guarantee progress in Peru Paving and maintenance of rural roads to guarantee progress in Peru](/media/4669192/fotos-guia-de-caminos-ndp.jpg)
Paving and maintenance of rural roads to guarantee progress in Peru
CAF presented in Lima the Guide “Rural roads: A door to development and territorial connectivity”, in which it offers guidelines that help guarantee the population's equitable access to opportunities for personal and professional development.![CAF and MCDF support Jamaica’s vision for a global logistics hub CAF and MCDF support Jamaica’s vision for a global logistics hub](/media/4669170/microsoftteams-image-1.png)
CAF and MCDF support Jamaica’s vision for a global logistics hub
The Multilateral Cooperation Center for Development Finance (MCDF) approved total financing of USD 550,000 in support of CAF’s partnership with the Jamaica Special Economic Zone Authority (JSEZA) to implement the Jamaica Logistics Hub Initiative (LHI) and the development of the Caymanas Special Economic Zone (SEZ), which will contribute to positioning Jamaica as a global logistics hub and gateway that will interconnect the Americas to the world.![What's next for the Regional Brand? 5 Lessons from Chile What's next for the Regional Brand? 5 Lessons from Chile](/media/4669114/img_3092.jpg)