Consolidating ourselves as the Green Bank of Latin America and the Caribbean, a region of solutions
CAF -Development Bank of Latin America and the Caribbean- is moving into a third stage of history. Created as the Andean Development Corporation, it was conceived as a platform to support the development of six Andean countries. However, its enormous potential prompted an expansion process, marked by its entry into the capital markets. It is currently consolidating itself as the Green Bank of Latin America and the Caribbean.
Outstanding contributions to 2023
Our short-term consolidation strategy
The approval of the USD 7 billion equity strengthening of the bank was a great boost to our organization, to continue advancing in a lasting and transforming work, which will continue to promote the progress of the region. To achieve this, we developed a clear and structured vision for 2026, which assigns responsibilities, determines lines of action, and defines metrics that will allow us to monitor our progress on an ongoing basis
With this renewed strategy, we have a navigation chart that permeates the work of all our employees and will enable us to become the main partner for the reactivation, sustainable development and integration of the entire region. This will translate into greater well-being and quality of life for all Latin Americans and Caribbean people.
NuestroOur strategic plan is composed of three types of agendas that are the roadmap for achieving this. Each has a long-term vision that is materialized through the initiatives that comprise it. We explain them to you:
Missionary Agendas
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To take advantage of the region's great potential for renewable resources, such as solar, wind, natural gas, hydroelectric, and geothermal energy, we promote investment in these renewable sources and support the development of clean and efficient technologies, which can help reduce dependence on fossil fuels and reduce greenhouse gas emissions.
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Latin America and the Caribbean have great biodiversity, but it is threatened by deforestation, mining, intensive agriculture, urbanization, pollution, and climate change. The loss of biodiversity can have serious consequences for food security, human healt, and social and economic well-being of local communities. CAF is committed to financing projects that promote the conservation and sustainable use of biodiversity, and enhance ecosystems as sources of conservation and development.
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CAF seeks to address the socioeconomic and environmental challenges of Latin America and the Caribbean by strengthening key capacities such as water security, urban systems, creative economies, and tourism. The aim is to promote sustainable and inclusive development of territories, increasing resilience and improving the quality of life in large and intermediate cities, and implementing solutions through a common territorial and sectoral development strategy, in which the different levels of government complement each other.
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Latin America and the Caribbean face significant challenges in inequality, poverty, employment and gender gaps. The richest 10% concentrate 57% of the wealth, while the poorest 50% only access 3.5%. The COVID-19 pandemic exacerbated economic inequality, and women face structural inequalities in education, employment, and political participation. CAF seeks to promote social development through initiatives to improve social protection, and 21st-century skills and ensure the dignity of all people.
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Latin America and the Caribbean need to invest around 5% of annual GDP in infrastructure to close the current gap in roads, bridges, ports, airports, telecommunications, and water and sanitation services. Furthermore, it is still lagging in terms of digital infrastructure compared to other regions of the world. CAF seeks to promote physical and digital regional competitiveness and connectivity of people and markets through urban, rural, and border infrastructure projects within the framework of logistics corridors.
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Latin America and the Caribbean has low competitiveness in world trade due to the lack of access to financing, especially for SMEs. CAF seeks to promote the sustainable development of the entrepreneurial capital ecosystem in the region and encourage private sector participation through infrastructure funds. These initiatives aim to improve competitiveness, facilitate access to financing and position the region as an attractive destination for investment, promoting green businesses and sustainable financial markets.
Crosscutting Agendas
They concentrate those components that should permeate all the work of the organization and reflect CAF's actions in our member countries. The cross-cutting initiatives act as a hinge between what we do for our clients (missional) and our internal actions (enabling). There are 6 cross-cutting agendas.
Enabling Agendas
These are the heart of the strategy and correspond to the internal elements that need to be strengthened to enable the effective execution of the other initiatives. In short, they are the foundation for the fulfillment of the mission and crosscutting agendas. There are 6 enabling agendas.
