CAF approves a short-term bridge loan in favor of the Republic of Argentina for USD 960 million

The approved operation will serve as bridge financing for Argentina to continue implementing the Extended Facilities Agreement with the IMF to support its fiscal, monetary and exchange rate policies, as well as to diversify and execute its public debt strategy.

This operation, carried out in consultation and coordination with the IMF and other multilateral banks, highlights CAF's countercyclical role by making financial solutions available in an agile and dynamic manner to enable countries to face situations of economic complexity and support the strategic management of public finances.

The extraordinary virtual meeting of the Board of Directors analyzed the operation and reflected on the possibility that Latin America and the Caribbean, through CAF, can react swiftly and effectively, with a sense of urgency and a spirit of solidarity and trust, to the needs of a shareholder country.

CAF is a leading institution in Latin America and the Caribbean with annual approvals exceeding USD 14 billion for projects that promote the well-being of our population. The bank currently has 21 shareholder countries and, since its founding in 1968, has been at the service of Latin Americans and Caribbean people as one of the main sources of financing for development.

CAF's Board of Directors also approved the Program of Activities and Budget and the 2024 Borrowing Plan, which will enable the bank to continue promoting projects and initiatives to make Latin America and the Caribbean a greener, more productive and inclusive region.