CAF and the Netherlands to Promote SDG-aligned Development Initiatives in Latin America and the Caribbean

With the purpose of fostering the development of Latin America, aligned with the fulfillment of the Sustainable Development Goals (SDGs) in the areas of infrastructure and water, health, sustainability in manufacturing, renewable energy and food and agriculture CAF—development bank of Latin America—and Invest International Capital B.V, a Dutch state-owned financial institution, signed a Memorandum of Understanding (MoU) to establish a framework for cooperation between the two institutions for the benefit of the entire region.

The MoU signed between both parties will explore financing and co-financing in projects, cooperation in technical assistance programs, cooperation in subsidy programs, efficient business development, among others.

Gloria Gamero, Director of Institutional Financial Resources, noted that “the signing of the memorandum with a strategic partner such as the government of the Netherlands, through Invest International, is aligned with the purpose of becoming the green bank and economic revival in Latin America and the Caribbean with knowledge, technical assistance and funds that will improve the quality of life of people and promote new opportunities in order to help reduce poverty.”

Furthermore, Joost Oorthuizen, CEO of Invest International said: “With this MoU, we join efforts in the continuous work that CAF has been doing with the SDGs at the center in order to promote sustainable economic growth in Latin America and the Caribbean. Invest International’s actions are aligned with this goal and we look forward to cooperating to enable future investment decisions that support and strengthen local economies.”

With this memorandum of understanding, both entities will also develop business areas while financing public, private and corporate projects in sectors such as: infrastructure and water, health care, sustainable manufacturing, renewable energy and food and agribusiness.

The MoU was signed in the city of Lima, Peru and The Hague, Netherlands, by Gloria Gamero, Director of Institutional Financial Resources, representing CAF and Michiel Slootweg, representing Invest International Capital B.V., Invest International Development B.V. and Invest International Public Programmes B.V.