Corporación Andina de Fomento
CAF
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.
Accreditation timeline
Accreditation term 1
19 Mar 2018 - 18 Mar 2023
Accreditation date
07 Jul 2015
AMA execution date
15 Nov 2016
AMA effectiveness
19 Mar 2018
Term end date
18 Mar 2023
Accreditation term 2
Pending
Re-accreditation date
12 Jul 2023
AMA execution date
Pending
AMA effectiveness
Pending
Term end date
Pending
Entity details
-
Size
- Micro
- Small
- Medium
- Large
-
Environmental and social risk category
- Category C
- Category B
- Category A
- Intermediation 3
- Intermediation 2
- Intermediation 1
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Fiduciary standards
- Basic
- Project management
- Grant award
- On-lending/blending:
- Loan
- Equity
- Guarantee
- Blending
Projects
Documents
Title | Type | Date |
---|---|---|
NDA Strengthening and Country Programming support for Paraguay through CAF CAF |
Approved readiness proposal | 15 Mar 2017 |
NDA Strengthening and Country Programming support for Costa Rica through CAF CAF |
Approved readiness proposal | 23 Feb 2017 |
Environmental and social safeguards (ESS) report for FP017: Climate action and solar energy development programme in the Tarapacá Region in Chile CAF |
Environmental and Social Safeguards report | 09 Dec 2016 |
Accreditation Master Agreement between GCF and CAF CAF |
Accreditation Master Agreement | 22 Nov 2016 |
Accredited Entity nomination from Colombia for CAF CAF |
Accredited Entity nomination letter | 17 Jun 2016 |
Accredited Entity nomination from Panama for CAF CAF |
Accredited Entity nomination letter | 17 Jun 2016 |
Pages
News + Stories
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.