Investors

With our renewed vision of becoming the bank of economic reactivation and the green bank of Latin America and the Caribbean, in March 2022 CAF's Shareholders' Meeting approved the largest capitalization in the history of the institution, for USD 7,000 million, which will allow us to double the portfolio by 2030.

Presentation

In 2022, CAF approved 305 operations for a total of $14.1 billion, 6.9% above what was approved in 2021. Of these, $2 billion were used to finance investment programs and projects aligned with the long-term development strategies of the countries of the region.

The approved operations were located in the sector of productive infrastructure, mainly energy, transport, and telecommunications ($1.7 billion), as well as in the sectors linked to sustainable development in the region, such as water and sanitation, education, health, and urban development ($2.2 billion), which reflects CAF’s interest in supporting the most vulnerable sectors of the countries.

Within the framework of CAF’s energy transition support strategy, worth noting is the approval of a $300 million loan to Pan American Energy, Argentina Branch (PAE) to fund green projects, provide greater funds and liquidity to the firm’s supplier chain and to contribute to Argentine energy security with an emphasis on gas as a transition fuel; and a line of credit to Gas Natural de Lima y Callao S.A. (Cálidda) for $150 million for the partial financing of the investment plan that mainly includes the expansion and maintenance works of the pipeline network of the residential consumer gas system of Lima and Callao in Peru.

On the other hand, the institution’s support for territorial development with the approval of the Colombian Prosperity Program stands out, as an opportunity for the financing of operations in favor of territorial entities, its decentralized entities, and public service providers, with national guarantee, for $1.2 billion to be implemented over five years.

Throughout 2022, CAF’s commitment to driving the Sustainable Development Goals (SDGs) was reflected in approved operations that contributed directly and indirectly to the fulfillment of up to 16 SDGs.

In figures

Financial statements (2017 - 2022)

in millions of USD

The successful performance demonstrated by CAF is based on its financial strength, the quality of its portfolio and the strict adherence to its conservative financial policies.

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Credit ratings

in millions of USD

Long Term

Standard & Poor's

Fitch Ratings

AA-

Japan Credit Rating Agency

AA+

Moody's Investor Service

Aa3

Short Term

Standard & Poor's

A-1+

Fitch Ratings

F1+

Moody's Investor Service

P-1

CAF’s success accessing the international capital markets is mostly due to the high credit ratings assigned by the main international rating agencies.

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For more than two decades, CAF has had an important presence in the international capital markets with a financing strategy oriented towards the diversification of investors, offering flexibility in terms of terms and attractive returns.