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This is the second agreement signed by ICO and CAF in the framework of the ICO Canal Internacional credit line. The first was signed in 2016 for USD 300 million.

The city is experiencing structural improvements in the areas of urban infrastructure, public safety, creation of jobs and sources of income, while strengthening the tourism sector.

The event is organized by CAF-development bank of Latin America- and aims to train Ecuadorian officials in techniques and best practices on the use of impact assessment as a governance tool.

The Ministry of Public Works and the Ministry of Transportation and Communications agreed to work with CAF on the implementation of the “Regional Infrastructure Pre-investment Program” in Chile. The institution will also hold a national workshop on housing policies in Chile together with the Ministry of Housing and Urban Planning.

CAF-development bank of Latin America- and the Ideas Foundation through the Avanza Program held Innovation Day, with the participation of 35 Venezuelan companies. The agenda focused on the generation of innovative ideas centered on staff creativity.

Cities Alliance gave awards to the five best practices worldwide in the area of urban sustainability, which includes the Footprint of Cities project, financed by CAF.

CAF Director of Energy Projects, Claudia Flores, participated in the Third Meeting of Development Banks in Buenos Aires, where she explained the importance of issuing green bonds to support greener, more sustainable energy matrices in the region. 

The strengthening of technical capacities on urban resilience at the national, state and municipal levels, including inter-municipal approaches (metropolitan level) will be one of the issues to be addressed by both entities to promote sustainable development in the region.

Innovation is the key anchor for countries to raise their productivity rates and achieve structural and sustained growth from there on 

On the second day of the CAF Conference, the most effective measures for Latin America to increase its productivity levels were discussed, along with the most suitable policies to balance fiscal accounts and achieve macroeconomic stability in the medium and long term.