CAF – Development Bank of Latin America and the Caribbean

CAF - Development Bank of Latin America and the Caribbean, formerly the Andean Development Corporation (or Corporación Andina de Fomento), is a Caracas based development bank whose mission is to promote sustainable development and regional integration in Latin America and the Caribbean, through the financing of projects of the public and private sectors, the provision of technical cooperation and other specialized services.

Established on February 7, 1968, it commenced operations in June 1970. Currently composed of 23 countries from Latin America, the Caribbean, Europe, and 13 private banks, it stands as one of the principal sources of multilateral financing and a significant knowledge generator for the region.

CAF is a multilateral financial institution whose mission is to support the sustainable development of its shareholder countries and regional integration. It serves the public and private sectors, providing multiple financial products and services to a broad client portfolio, made up of the governments of the shareholder States, financial institutions and public and private companies.

Its primary activities encompass acting as a financial intermediary, channeling resources from industrialized nations to the region, funding the development of productive infrastructure, promoting overall development, fostering trade and investments, and supporting the business sector.

The CAF has its main headquarters in Caracas and offices in Asunción, Bogotá, Brasília, Buenos Aires, La Paz, Lima, Madrid, Mexico City, Montevideo, Panama City, Port of Spain, Quito, San Salvador, Santiago de Chile, Santo Domingo and São Paulo. Provided by Wikipedia