CAF to Conduct 3rd Stage of Water Pre-Investment Program to strengthen water and sanitation project structuring

Improving the quality of pre-investment studies in the water and sanitation sector in Latin America is imperative to increasing the efficiency and impact of the projects. For this reason, the bank’s board of directors endorsed the Pre-Investment Program for the Water Sector (PPSA) through its third phase.

There is high demand from the institutions of its 19 member countries, which is why this third phase will receive USD 5 million in addition to the USD 10 million granted for phases 1 and 2, to continue improving the quality of projects in terms of access, expansion and improvement of water and sanitation services, as well as agricultural irrigation and flood control in the region, promoting cutting-edge technologies and best practices in the implementation of programs and projects.

“The quality of the projects is fundamental to driving the social pact in Latin America. We are the countries’ strategic partner, not only in terms of financing, but also with initiatives such as this program, which strengthen the creation of investment projects, advise on the preparation and supervision of tender specifications, and help with the financial structuring of operations and their subsequent implementation,” said CAF Executive President Luis Carranza.

The first phase of the Pre-Investment Program for the Water Sector prioritized eight projects distributed across six countries (1 in Bolivia, 2 in Brazil, 2 in Ecuador, 1 in Panama, 1 in Paraguay and 1 in Trinidad and Tobago – see infographic at the end), one of them with co-financing by another international institution, which are expected to improve quality of life for 1.9 million people in the coming years.