CAF will make equity investment in COFIDE for up to USD 10 million to promote the sustainable development of Peru

The Board of Directors of CAF - development bank of Latin America and the Caribbean - approved an Equity Investment in the Development Finance Corporation (COFIDE) of Peru for up to USD 10 million, with the purpose of strengthening its equity solvency to implement its strategic plan by 2026 and to maintain the status of “Public Company with Private Shareholders”, established in Legislative Decree No. 674 (Law for the Promotion of Private Investment in State Companies), which has been an important attraction for investors, facing the execution of the institution's financing strategy in the capital markets, especially in international markets.

“At CAF we are committed to the sustainable development of Peru, this time through support for the private sector through COFIDE. We are a strategic ally that shares the objective of promoting the promotion and financing of investment in Peru, which is why we are pleased to contribute to strengthen COFIDE and we will continue to join forces to establish support mechanisms, technical and financial cooperation, that provide more opportunities. to improve the productivity and competitiveness of the country,” said Sergio Díaz-Granados, executive president of CAF.

COFIDE, the Development Bank of Peru, is a company committed to promoting the sustainable development of Peru, enabling access to resources and opportunities for people and companies. Its strategy is based on generating development through triple bottom line management, with the aim of positively impacting the economic, social and environmental spheres. To be an engine of sustainable development, promoting competitiveness through high-impact innovative financial services, providing support to key sectors for national development.