333:. This declaration approved an immediate action program for the Andean countries and Chile, outlining measures for economic integration and the coordination of policies in trade, industry, finance, and technical cooperation services among the participating nations. In response to these needs, a Joint Commission was appointed to oversee these functions, proposing the creation of a development corporation, ultimately resulting in the formation of the Andean Development Corporation (CAF).
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64:
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352:, approved in May 1969 - one year after the Constitutive Agreement of CAF - established the political framework of the Andean subregional group and proposed the adoption of a joint model of economic, social and commercial development between countries that had similar characteristics. and that they sought to obtain the benefits that, in the regional integration scheme of the time (
356:), were generally reserved for the largest nations. To this end, it incorporated instruments related to the adoption of common strategies for industrial, energy, and agricultural development, as well as research and technological transfer, capital investment, construction of physical infrastructure and human trafficking, among others.
371:
With the incorporation of
Portugal there are now 18 shareholder countries of this institution. The formalization of the incorporation of that country, through the subscription of €15 million to the ordinary capital of the institution and €60 million to the guarantee capital, was carried out within
359:
Bolivia and
Ecuador were the first two countries that, in 1971, received loans from CAF for the execution of projects related to the installation of a rice storage network (US$ 1.3 million) and the construction of a fishing complex for the capture and freezing of tropical tuna (US$ 0.5 million).
225:
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
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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.
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The decision to open its share capital to other partners from Latin
America and the Caribbean in the early nineties was a significant development that allowed for the expansion of both CAF's integrationist mission and its operational base beyond its then Andean borders.
360:
However, the first loan that materialized the integrationist vocation of the
Organization was made a year later, and was granted to a Venezuelan project (US$ 3 million). The objective of this project was the construction of a bridge over the
344:
in Bogotá, conceiving the entity as a multiple bank and agency for the promotion of development and Andean integration. Two years later, on June 8, 1970, CAF formally commenced operations, establishing its headquarters in
Caracas, Venezuela.
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the framework of the XIX Ibero-American Summit of Heads of State and
Government, in Estoril. Currently, in addition to four countries of the Andean Community, its shareholders include:
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The initiative that would lead to the establishment of CAF began to materialize in 1966, following the signing of the
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Established on
February 7, 1968, it commenced operations in June 1970. Currently composed of 21 countries from
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governments of the shareholder States, financial institutions and public and private companies.
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364:, in the State of Zulia, with the purpose of facilitating road connections with Colombia.
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340:, 1968, the governments of the member countries signed the Constitutive Agreement at the
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Initiative for the
Integration of the Regional Infrastructure of South America (IIRSA)
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United
Nations Economic Commission for Latin America and the Caribbean (ECLAC, CEPAL)
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formerly the Andean
Development Corporation (or Corporación Andino de Fomento), is a
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joined as the 20th partner and the first as a full member. Following this example,
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During 1967, the Joint Commission distinctly outlined the foundations of CAF. On
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whose mission is to promote sustainable development and regional integration in
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662:"CAF development bank loans $ 2.7 billion across Latin America, Caribbean"
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officially became a member on July 18, 2022, becoming the 21st partner.
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Dominican Republic–Central America Free Trade Agreement (CAFTA-DR)
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Forum for the Progress and Integration of South America (PROSUR)
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CAF – Development Bank of Latin America and the Caribbean (CAF)
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United States involvement in regime change in Latin America
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CAF - Development Bank of Latin America and the Caribbean,
1209:
Development Bank of Latin America and the Caribbean (CAF)
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CAF – Development Bank of Latin America and the Caribbean
28:
CAF – Banco de Desenvolvimento da América Latina e Caribe
1027:
Community of Latin American and Caribbean States (CELAC)
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43:
CAF – Banco de Desarrollo de América Latina y el Caribe
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International Bank for Reconstruction and Development
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801:European Bank for Reconstruction and Development
26:
1072:Organisation of Eastern Caribbean States (OECS)
637:"Organization - Executive President | CAF"
1052:Latin American Integration Association (ALADI)
745:International development and investment banks
1277:United States–Mexico–Canada Agreement (USMCA)
997:Amazon Cooperation Treaty Organization (ACTO)
904:
729:
41:
654:
1077:Organization of Ibero-American States (OEI)
1012:Bolivarian Alliance for the Americas (ALBA)
1247:Caribbean Free Trade Association (CARIFTA)
1143:Central America-4 Border Control Agreement
1022:Central American Integration System (SICA)
911:
897:
736:
722:
62:
1097:Union of South American Nations (UNASUR)
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1067:Organization of American States (OAS)
1047:Latin American Economic System (SELA)
1007:Association of Caribbean States (ACS)
934:Spanish American wars of independence
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233:The CAF has its main headquarters in
1324:1968 establishments in South America
811:Black Sea Trade and Development Bank
780:Asian Infrastructure Investment Bank
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976:Inter-American Commission of Women
14:
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1334:Organizations established in 1968
1133:CARICOM Single Market and Economy
1107:United States Pirate Party (USPP)
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1153:Eastern Caribbean Currency Union
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137:• Executive Vice President
1319:1968 in international relations
1267:Free Trade Area of the Americas
1262:Economic Partnership Agreements
1214:Inter-American Development Bank
842:Inter-American Development Bank
1344:Organizations based in Caracas
1339:Multilateral development banks
939:Decolonization of the Americas
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471:Corporación Andina de Fomento
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1017:Caribbean Community (CARICOM)
863:International Investment Bank
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92:Multilateral development bank
88:Largest shareholder countries
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1204:Central American Parliament
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68:Map indicating CAF members.
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1199:Caribbean Development Bank
1194:Caribbean Court of Justice
1148:Central America-4 passport
949:North American integration
944:Latin American integration
832:Caribbean Development Bank
617:Caribbean Development Bank
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130:Sergio Diaz-Granados Guida
1329:Banks established in 1968
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1229:South American Parliament
1219:Latin American Parliament
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868:Islamic Development Bank
806:European Investment Bank
759:African Development Bank
482: major shareholders
1272:G3 Free Trade Agreement
1037:Contadora support group
476: associate members
1002:Andean Community (CAN)
816:Nordic Investment Bank
775:Asian Development Bank
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155:; 55 years ago
42:
27:
1298:Pan-American Congress
688:"Dónde estamos (CAF)"
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313:by the presidents of
153:February 7, 1968
1163:Interoceanic Highway
873:New Development Bank
1224:Mercosur Parliament
579:Trinidad and Tobago
438:Trinidad and Tobago
350:Cartagena Agreement
1293:Pan American Games
966:José de San Martín
524:Dominican Republic
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451:On March 8, 2022,
434:Dominican Republic
311:Bogotá Declaration
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1189:Bank of the South
1184:Andean Parliament
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342:San Carlos Palace
291:Santiago de Chile
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1349:Andean Community
1239:Free trade areas
1128:CARICOM passport
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707:Official website
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639:. Archived from
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197:development bank
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668:. 19 July 2024
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643:on 2015-05-05
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1177:Institutions
971:Lucas Alamán
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768:Asia-Pacific
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670:. Retrieved
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645:. Retrieved
641:the original
631:
609:Banks portal
450:
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335:
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287:San Salvador
251:Buenos Aires
232:
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169:
74:Headquarters
1087:Petrocaribe
672:7 September
534:El Salvador
453:El Salvador
362:Limón River
275:Panama City
267:Mexico City
160:1968 -02-07
1313:Categories
647:2015-04-29
623:References
519:Costa Rica
398:Costa Rica
338:February 7
271:Montevideo
104:21 members
98:Membership
35:Portuguese
1252:CARIFORUM
1092:Rio Group
851:Worldwide
589:Venezuela
489:Argentina
446:Venezuela
374:Argentina
323:Venezuela
299:São Paulo
216:Caribbean
124:President
82:Venezuela
1138:CARIPASS
1116:Projects
1062:Mercosur
825:Americas
595:See also
569:Portugal
559:Paraguay
539:Honduras
514:Colombia
494:Barbados
457:Honduras
430:Portugal
422:Paraguay
394:Colombia
378:Barbados
315:Colombia
247:Brasilia
239:Asunción
927:History
666:Reuters
584:Uruguay
544:Jamaica
529:Ecuador
499:Bolivia
442:Uruguay
410:Jamaica
402:Ecuador
382:Bolivia
327:Ecuador
305:History
235:Caracas
193:Caracas
170:Website
158: (
122:•
112:Leaders
78:Caracas
50:Spanish
1286:Events
794:Europe
752:Africa
554:Panama
549:Mexico
504:Brazil
480:
474:
418:Panama
414:Mexico
386:Brazil
263:Madrid
255:La Paz
243:Bogotá
220:Europe
214:, the
195:based
46:
31:
1168:SUCRE
574:Spain
509:Chile
406:Spain
390:Chile
354:LAFTA
319:Chile
283:Quito
674:2024
564:Peru
426:Peru
348:The
331:Peru
329:and
297:and
259:Lima
203:and
179:.com
177:.caf
175:www
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
