BLUE ECONOMY

Ocean biodiversity is key to providing essential goods and services such as food supply, climate regulation, carbon sequestration, and environmental protection. Additionally, its conservation generates significant socioeconomic value, impacting almost all products and services on Earth. As the role of the ocean is better understood, it becomes clear that marine biodiversity must be viewed as a strategic asset, whose preservation is vital not only for biological reasons but also for economic and social ones.

In this context, CAF has decided to move forward with its goal of becoming the Green Bank of Latin America and the Caribbean. Over the next five years, it will allocate USD 25 billion for green operations, recognizing that "being green" also means "being blue." At the 2022 United Nations Ocean Conference, CAF announced it would invest at least USD 1.25 billion between 2022 and 2026 to finance projects in the region's seas, coastal areas, and oceans.

CAF promotes a strategic vision for ocean conservation in Latin America and the Caribbean, aligned with its role as a green bank, the Sustainable Development Goals (SDGs), the 2030 Agenda for Sustainable Development, the Paris Agreement, and the emerging Post-2020 Global Biodiversity Framework. This vision aims to foster multilateral agreements that promote sustainable policies and practices, protecting ocean biodiversity for the well-being of the region and the world.