CAF strengthens alliances to finance sustainable projects in the Dominican Republic and Costa Rica

Between May 21 and 24, the Vice Presidency of the Private Sector of CAF carried out a mission to the Dominican Republic and Costa Rica, led by Alejandro Soriano, Director (e) of the Directorate of Financing and Investment in the Financial Sector and accompanied by the Representatives and Advisors of the respective Country Offices, where they visited various institutions and authorities of the Financial Sector, seeking to promote strategic alliances to support SMEs and promote a green and sustainable agenda.

Together with the CAF Representative in Dominican Republic, Daniel Cabrales, met with various entities in that country such as the National Export Bank (BANDEX), Banreservas, BHD Bank and the Association of Banks of the Dominican Republic, in order to learn about the initiatives they carry out regarding the financing of SMEs, financial inclusion, green businesses, digital transformation, gender strategy and support for the tourism sector, among others.

CAF granted a financing line for 40 MM USD to BANDEX, to promote companies led by women, the development and improvement of industrial parks in free zones, and greater access to financing in strategic sectors.

Likewise, together with advisor Florentino Fernández, strategic meetings were held in Costa Rica with the Development Banking System (SBD), al popular Bank, Fodemipyme, National Bank, Banco Promérica and BAC Bank to explore future support opportunities.

With these interventions, CAF becomes an ally for the productive development of Central America and the Caribbean, joining efforts to support initiatives that contribute to the financing of green projects, the development of SMEs and financial and social inclusion, through the financial sector. .