CAF and UNOPS Join Forces to Boost Sustainable Development in Latin America and the Caribbean

CAF- development bank of Latin America and the Caribbean and the United Nations Office for Project Services (UNOPS) have signed a Memorandum of Understanding (MOU) to establish a framework for collaboration aimed at promoting sustainable development in Latin America and the Caribbean.

The agreement, signed by CAF's Executive President Sergio Díaz-Granados and UNOPS Executive Director Jorge Moreira Da Silva, outlines key areas of cooperation. These include technical assistance and implementation of infrastructure projects, conducting feasibility studies and project structuring, development of joint training activities in project management and procurement, resource mobilization to support regional countries, as well as information exchange and capacity building initiatives.

This agreement strengthens the relationship between the two organizations, as since 2017, CAF and UNOPS have worked together in Latin America on technical assistance projects in Panama, Bolivia, Ecuador, Paraguay and Uruguay.

Sergio Díaz-Granados

Sergio Díaz-Granados, Executive President of CAF, stated: "This partnership with UNOPS represents a significant step towards enhancing our capacity to deliver impactful projects across the region. By combining CAF's financial strength with UNOPS' technical expertise, we are better positioned to address the complex challenges facing Latin America and the Caribbean, ultimately contributing to the sustainable development of our member countries."

Jorge Moreira Da Silva

“In a world facing multiple global crises, partnerships like this are instrumental. We’re consolidating the efforts we have made together with CAF to continue to improve the lives of millions of people across the Latin America and Caribbean region”, said Jorge Moreira Da Silva, UNOPS Executive Director.

The MOU provides a foundation for future specific agreements between the two organizations. It emphasizes the importance of knowledge sharing, joint communication efforts, and the potential for collaborative resource mobilization.

This collaboration between CAF and UNOPS is expected to bring valuable synergies to development efforts in the region, leveraging the strengths of both institutions to promote sustainable growth and improved quality of life for Latin American and Caribbean communities.