![COVID-19: The countercyclical role of multilaterals in supporting countries COVID-19: The countercyclical role of multilaterals in supporting countries](/media/2630973/caf-destaca-el-rol-anticiclico-de-los-multilaterales-para-apoyar-a-los-paises-en-tiempos-de-covid-19-1.jpg)
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
![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)