CAF Promotes Pacific Alliance Digitalization
Latin America’s development bank approved a non-reimbursable technical cooperation facility to improve AP-NET technical components and optimize existing capabilities with greater deployment and long-term platform performance, in an effort to meet the Pacific Alliance’s operational demand.
In an effort to promote the digitalization of the Pacific Alliance by optimizing the technical components and functionalities of the AP-NET digital management platform—thus enhancing intra-block management promoted by national coordinators since 2020—, CAF—development bank of Latin America—pledged non-reimbursable technical cooperation to Peru’s Ministry of Foreign Affairs.
The agreement was signed by Peru’s Minister of Foreign Affairs Elizabeth Astete Rodríguez; and CAF executive president Luis Carranza Ugarte.
The Pacific Alliance’s digital agenda contains actions around four axes: economy, connectivity, government and digital ecosystems, through permanent public-private dialogue. Its objectives include implementing a regional digital market platform to identify ecommerce-related opportunities and barriers, in coordination with foreign trade ministries.
Since the creation of the Pacific Alliance, CAF has underpinned a number of initiatives to bolster and promote this important economic bloc, particularly projects related to the integration of the MILA stock exchange. In addition, CAF was one of the multilateral agencies that provided technical and financial assistance in the structuring and administration of the Pacific Alliance Infrastructure Fund (FIAP) and, together with the AP SME Technical Group, defined the basis for the Regional Strengthening and Articulation project of the Business Development Centers of its four member countries. Furthermore, significant contributions in terms of digital transformation have been made to improve coverage and boost productivity.
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