Liquidity line to Venezuela’s Central Bank to mitigate risks
In the past three years, CAF has approved more than US$6.7 billion in such operations in favor of 12 member countries in Latin America and the Caribbean to provide macroeconomic support and contribute to regional economic stability.
In order to mitigate liquidity risks and provide macroeconomic support, the Board of CAF—development bank of Latin America—approved a line of credit for up to US$500 million to the Central Bank of Venezuela (BCV).
This is yet another proof of the anti-cyclical role historically played by CAF in contributing to economic stability in Latin America, by supporting the macroeconomic management of its member countries, in this case through an autonomous institution, such as the BCV.
In the past three years, CAF has approved more than US$6.7 billion in such operations in favor of 12 member countries in Latin America and the Caribbean.
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