The Corporación Andina de Fomento (CAF) - Banco de Desarrollo de América Latina (Andean Development Corporation – Development Bank of Latin America) is a regional financial institution established in the late 1960s, located in Venezuela. CAF focuses on the promotion of sustainable development and green economies in over 15 countries in the region through supporting the technical and financial structuring of projects. It offers a wide variety of financial products and services, including loans, equity and guarantees. CAF’s partnerships with public and private sector organizations have allowed it to play an active role in the promotion of projects and programmes that generate environmental benefits and to address climate change impacts. Over US$ 800 million has been invested in green energy and greenhouse gas emissions mitigation projects. Such projects have focused on energy efficiency, renewable energy solutions, sustainable transport and climate change adaptation through disaster risk reduction and ecosystem services. CAF sought accreditation to the GCF in order to continue developing climate change projects and programmes together with its partners that will reduce the impacts of climate change in its region.
Private sector key, say GCF Latin America Dialogue partners
09 Mar 2018 / The importance of the private sector was a common theme among many of the participants at the recently-concluded GCF Structured Dialogue in Latin America.
CAF looks past Peru disaster to bank on climate future in Latin America
22 May 2017 / The worst Peruvian floods in recent memory earlier this year have sharpened the climate and development challenges facing Peru and its neighbours, according to Antonio Garcia, a leading member of the Development Bank of Latin America (CAF) and focal point to GCF.
CAF becomes first multi-lateral development bank to sign agreement with GCF
16 Nov 2016 / The Development Bank of Latin America (CAF) today became the first multilateral development bank to sign an Accreditation Master Agreement (AMA) with GCF.
Workshop: GCF supporting direct access entities
03 Sep 2015 / The Green Climate Fund is convening its national and regional accredited entities for four days of training on the Fund’s environmental and social safeguards (ESS) and gender policy at GCF headquarters in Songdo.