CAF and Countercyclical Role of Multilaterals in Supporting Countries During COVID-19
Euromoney, CAF and BCIE shared their experiences in the region in the context of the COVID-19 emergency in an online seminar.
CAF—development bank of Latin America—is promoting discussion forums to come up with alternatives that benefit the region, such as the webinar “MDBs In The Time of Corona" organized by Euromoney, which aimed to share its vision and courses of action to address the emergency caused by from COVID-19, within the scope of their respective shareholder countries.
Gabriel Felpeto, Vice President of Finance at CAF, noted in his remarks that this type crises, as in similar situations in the past, are opportunities for supranational financial institutions such as CAF to strengthen their countercyclical role while ratifying their presence as preferential creditor for their shareholder countries, as has traditionally been the case during various crises experienced by the region.
CAF Vice President of Finance shared the floor with BCIE executive president Dante Mossi, and answered questions asked by moderator Christopher Garnett and seminar participants.
The seminar addressed relevant topics of interest such as the challenges facing Latin American countries, developments in capital markets, current cooperation between multilateral development financial institutions, support provided by shareholder countries to these institutions, collaboration of countries outside the region, the effect of the crisis on remittances, and future outlook of the region, among others.
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.