CAF and SELA sign agreement to improve port logistics communities in Latin America and the Caribbean

CAF—Development Bank of Latin America, together with the Latin American and Caribbean Economic System (SELA), and within the context of its Regional Logistics Development Program for Latin America (CAF-LOGRA), signed an agreement to continue enhancing public policies for the national port sector and promote the implementation of technical recommendations locally, at each port system, in an attempt to boost competitiveness and sustainability of the port logistics chain.

This initiative was launched in 2014 in the context of the Program for the Creation of the Latin American and Caribbean Network of Digital and Collaborative Ports: Towards the strengthening of logistics-port communities, service standards and technological innovation for a globalized, logistically competitive and sustainable foreign trade (hereinafter, the NETWORK). The goal is to promote in the region a new system of inter-institutional collaboration and specialized technical cooperation, aimed mainly at becoming an articulating network with its own governance.

Since then, and after the program’s three consolidation and expansion phases, the NETWORK has created additional supporting networks for the port logistics communities, both nationally and regionally, with 28 collaboration initiatives linked to the maritime-port and logistics sector.

With the signing of this new Non-Reimbursable Technical Cooperation Agreement, CAF and SELA seek to give continuity and sustainability to the support of port logistics communities in early stages of their maturity cycle, and reinforce the value proposition of the NETWORK, as well as enhance regional collaboration schemes, in an effort to encourage innovation, promote diversity and create knowledge in the ports of the region.