CAF Management Policy Update

The Board of Directors of CAF—development bank of Latin America—approved today a revision of its Management Policies.

The Management Policies establish the reference framework to deliver products and provide services to CAF’s customers. They are mandatory for all directors, officials, employees, service providers and all individuals and corporations that perform activities for CAF.

“The purpose of the revision is to develop a modern, clear and transparent management tool, which allows us to ensure CAF’s agility and impact on the development of its shareholder countries,” said CAF Executive President Luis Carranza Ugarte.

The Management Policies set out the principles according to which operations are to be implemented, in order to maintain strict standards of prudence and to act under the most stringent ethical, non-discrimination principles, and in accordance with the rules on transparence, conflict of interest and prevention of money laundering.

The new standard falls in line with CAF’s growth and projection, and gives the institution the highest international standards in the field of multilateral banking. The policy is a public document, based on the institution’s commitment to its customers, partners, suppliers and stakeholders, as a relevant player in development and integration processes of Latin America and the Caribbean.