CAF increases its authorized capital to USD 15 billion

The Board and Shareholders Assembly of CAF, Development Bank of Latin America, approved an increase of the Institution's  authorized capital from USD 10 billion to USD 15 billion. 

The Institution's Executive President, Enrique Garcia, stated, " The increase enables future increases of paid capital that will strengthen CAF's financial capacity, in order to promote strategies and policies that stimulate economic growth, productive transformation, social inclusion, environmental sustainability, and regional integration".

García added, "This decision also ratifies the support of shareholder countries to strengthen the Institution and its anti-cyclical role in view of the evolution of the international financial environment.