CAF: Development Bank of Latin America and the Caribbean

Abstract

CAF is a development bank with a cooperative model committed to improve the quality of life for Latin Americans and Caribbeans. Since the beginning of its operations in 1970, CAF has prioritized its regional identity and the pursuit of addressing the needs of its shareholders by incorporating in the design of its policies the unique characteristics of Latin American and Caribbean cultures. In this context, CAF’s actions are geared toward promoting sustainable development and regional integration among its member countries. More recently the aim of CAF is to become the green and blue bank and the one responsible for the economic and social revitalization of the region. CAF includes 21 countries, with 13 private Latin American banks as shareholders. To ensure that CAF’s activities respond to the interests and needs of its shareholders, the bank has established 13 representative offices, with a view to continue expanding its presence across the Latin American and Caribbean region.