CAF Elected to the Executive Committee of the ICMA Principles for the First Time

CAF – Development Bank of Latin America and the Caribbean has been elected to the Executive Committee of the ICMA Principles, becoming the first representative from Latin America and the Caribbean (LAC) to serve in this global governance body.

The Executive Committee oversees the Green Bond Principles, Social Bond Principles, Sustainability Bond Principles, and Sustainability-Linked Bond Principles—the most widely adopted standards for sustainable bond issuance worldwide.

This historic election marks a major milestone for the LAC region and reflects CAF’s growing role in aligning capital markets with climate action, inclusive development, and long-term sustainability goals.

“We are honored to represent Latin America and the Caribbean on the Executive Committee,” said Manuel Valdez, Capital Markets and Derivatives Director at CAF. “Our region has both ambition and innovation in sustainable finance, and we’re committed to ensuring that the Principles evolve with the realities of emerging markets and development finance institutions.”

CAF is one of the most active multilateral issuers in the region, with a portfolio that spans green, social, and thematic bonds, and A/B loan structures. In early 2025, CAF launched a new Sustainability Bond Framework and committed to raising at least 20% of its annual funding through labeled instruments.

“We look forward to working with our fellow Executive Committee members to strengthen transparency, promote innovation, and broaden access to sustainable finance—especially for sovereign and sub-sovereign issuers across the Global South,” added Valdez.

CAF’s election reinforces its institutional mission to drive sustainable development and regional integration across Latin America and the Caribbean—connecting global capital with local impact.

For more information, visit https://www.caf.com/en/investors/sustainable-finance/