CAF and MIT Partner to Protect Colombia’s Tropical Forests
During COP26, CAF—development bank of Latin America—and the Massachusetts Institute of Technology (MIT) signed an agreement to help monitor landslides through drones, data management and innovative technologies, launching a novel early warning mechanism to reduce the climate vulnerability that has traditionally impacted the local communities of the Mocoa municipality in the Colombian Department of Putumayo. The project will also help preserve the biodiversity of the project’s area of influence.
The initiative is financed by the GEF in favor of the Colombian government, with CAF as implementing agency and in partnership with MIT, will assess 5,122 hectares of land for climate-resilient management, while collecting data from the use of modern infrastructure and technology to improve landslide monitoring.
“We must incorporate the use of technologies to improve current conditions and develop adaptability of local communities that are exposed to adverse climatic conditions; solutions like this help preserve biodiversity of key natural ecosystems,” said Julián Suárez Migliozzi, Vice President of Sustainable Development at CAF.
The initiative also calls for technological systems to capture images that have the capacity of no-point cloud processing developed through new algorithmic procedures. In addition, it will encourage the building of local technical capacities to encourage participation in risk management and the establishment of a network of community researchers.
CAF's more recent content
![CAF adds allies to promote a fair energy transition in the region CAF adds allies to promote a fair energy transition in the region](/media/4669231/firma-de-declaracio-n-conjunta-caf-mx.jpg)
CAF adds allies to promote a fair energy transition in the region
In a highly relevant event, organized by the Undersecretariat of Finance of the Government of Mexico, CAF - development bank of Latin America and the Caribbean, participated in order to continue exchanging ideas for the necessary evolution that multilateral financing for the development in the region.![A week to strengthen ties between Spain and Latin America A week to strengthen ties between Spain and Latin America](/media/4669224/sam-williams-uugaw6nf0vw-unsplash.jpg)
A week to strengthen ties between Spain and Latin America
The histories of Spain and Latin America and the Caribbean are intertwined; They travel through shared memories of streets and buildings, languages and forms of expression, rhythms, food, culture and sense of belonging. With the aim of delving into these links, CAF is organizing its Conference in Europe on July 9 in Seville, which will feature the participation of Carlos Vives and will be a great opportunity to create synergies in the cultural and creative industries on both sides of the Atlantic.![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)