Latin America & Caribbean
|Date joined:||9 September, 1999|
Corporación Andina de Fomento (CAF) is a multilateral financial institution that promotes the sustainable development of its shareholder countries and regional integration. Serving both public and private sectors, the CAF offers a wide range of financial services to a broad client base composed of the governments of shareholder countries , public and private companies and financial institutions. Its policies incorporate social and environmental variables, and all its operations are governed by criteria of eco-efficiency and sustainability. The CAF has maintained a permanent presence in its shareholder countries, which has strengthened its regional leadership in terms of effective mobilization of resources. The Corporation is currently the leading source of multilateral financing for the countries of the Andean Community, contributing 55% of total funds approved by multilateral agencies from 1997 to 2002.
Corporación Andina de Fomento & CSR
CAF has been supporting social development in its shareholder countries for more than three decades and emphasized human sustainable development aimed at reducing poverty as a fundamental component of its strategy in this area. This line of action, expressed through the financing of projects to the social sector, has shown important growth during the past few years. The increasingly important dedication to CAF’s social operations are in line with the design and application of a new development agenda in the region, which stimulates high, sustained and good quality growth and intends to combine three elements that are considered essential by the Corporation: stability, efficiency and equity. In order to execute the actions of its social agenda, CAF has various types of operations and sources of financing through which it provides innovative and high impact responses to crucial aspects of human and social development.
Corporación Andina de Fomento & CSR on the web