CAF, the Development Bank of Latin America and the Caribbean, held its Board of Directors meeting and approved USD 1.086 billion for strategic operations in Brazil, Colombia, Uruguay, and Chile. This decision highlights the institution’s continued commitment to sustainable development, climate action, and the modernization of critical infrastructure across the region.
In Brazil, CAF approved USD 150 million for the Infrastructure and Urban Development Program in Cabo de Santo Agostinho. The initiative will benefit over 200,000 residents through investments in urban mobility, basic sanitation, social infrastructure, and climate resilience measures, aiming to enhance quality of life and sustainable urban growth.
In Colombia, USD 500 million was allocated to the Program to Support Railway Reactivation, Sustainable Mobility, and Logistics Efficiency. The funding will support the reactivation of the railway system, electrification of public transportation, and reduction of logistics costs, contributing to the country’s competitiveness and lowering carbon emissions. Additionally, USD 86 million was added to modernize Colombia’s airport and air navigation system, bringing the total to USD 326 million. These funds will implement advanced navigation technologies, expand strategic regional airports, and establish a project management office.
Uruguay will receive USD 200 million for a dam on the Casupá stream in the Santa Lucía River Basin, strengthening the drinking water supply for the Montevideo Metropolitan Area until 2045. This infrastructure project will benefit approximately 60% of Uruguay’s population, with a storage capacity of 118 hm³ to ensure water availability during severe droughts.
In Chile, CAF approved an additional USD 150 million for a revolving credit line to Banco Estado de Chile, increasing the total to USD 350 million. The funds will enhance access to financing for micro, small, and medium-sized enterprises, with a focus on women-led businesses, energy efficiency projects, green enterprises, and sustainable social housing.
These approvals reflect CAF’s strategic focus on transformative projects that promote sustainable development, climate resilience, and economic growth throughout Latin America.
Related Posts
