Agreement signed with French Development Agency (AFD)

(Special, January 27, 2009).- Reflecting the shared vision of the Andean Development Corporation and the French Development Agency (AFD) in favor of both institutions’ interest in working for the sustainable development of the countries of Latin America and the Caribbean where both are present, CAF President & CEO Enrique Garcia, and AFD director general Jean-Michel Severino today signed a Memorandum of Understanding. The ceremony took place during the visit by Garcia to France.

The agreement implements a strategic alliance in favor of development, aimed at execution of complementary or joint actions to promote regional integration and protection of global public goods, particularly climate change, biodiversity and panda areas us.

The Memorandum establishes the following areas of cooperation: inter-institutional through exchanges of information to harmonize operations, missions and studies in the countries where they take similar actions; complementation of actions in priority areas, particularly the energy problem and combating climate change, preservation of the environment, and innovative sources of development finance; support for the private sector through joint or parallel financing for benefit of development of the sector; and coordinated actions on communication.

Under the agreements reached, the two institutions will strengthen their actions in favor of sustainable development in Latin America and the Caribbean, which especially relevant in the current state of the world economy.

For more information visit the web pages www.caf.com and www.afd.fr

Dirección de Secretaría y Comunicaciones Corporativas Tel: 58212-209.2353 / 58212-209.2315; Fax: 58212-209.2382 E.mail: infocaf@caf.com Caracas – Venezuela

Department of Foreign Relations and Communication Laure Weisgerber Tel :33153443057 E-mail : weisgerberl@afd.fr Paris, France

AFD is a development finance institution which plays a central role in the organization of official French development aid. Its mandate is to reduce poverty, finance economic growth and protect global public goods in developing countries. Thanks to its network of agencies and affiliates, AFD is present in Africa, Asia, the Mediterranean Basin, the Middle East, Eastern Europe and French overseas territories and departments. It is also active in Barbados, Belize, Guyana, Haiti, Jamaica, Dominican Republic, Surinam, and Trinidad and Tobago and in recent years has expanded its mandate to Brazil.