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.
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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
Fiduciary standards
Basic
Project management
Grant award
On-lending/blending:
Loan
Equity
Guarantee
Blending
Projects
FP195
Mitigation
Multiple countries
E-Motion: E-Mobility and Low Carbon Transportation
FP185
Cross-cutting
Ecuador
Climate Change: The New Evolutionary Challenge for the Galapagos
FP182
Cross-cutting
Colombia
Climate-smart initiatives for climate change adaptation and sustainability in prioritized agricultural production systems in Colombia (CSICAP)
FP149
Mitigation
Multiple countries
Green Climate Financing Facility for Local Financial Institutions in Latin-America
FP017
Mitigation
Chile
Climate action and solar energy development programme in the Tarapacá Region in Chile
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.
