CAF and the Netherlands will promote development initiatives aligned with the SDGs in Latin America and the Caribbean
November 29, 2022
The agreement signed between Invest International Capital B.V. and CAF aims to improve the well-being of the people and promote new opportunities throughout the region.
In order to promote the development of Latin America in line with the Sustainable Development Goals (SDGs) in the areas of infrastructure and water, healthcare, sustainability in manufacturing, renewable energy, and agri-food , CAF -development bank of Latin America- and Invest International Capital B.V., a state-owned financial institution of the Netherlands, signed a Memorandum of Understanding (MoU) to establish a framework for cooperation between the two institutions for the benefit of the entire region.
The memorandum of understanding signed by both parties will explore financing and co-financing for projects, cooperation in technical assistance programs, cooperation in subsidy programs, and the search for efficient business development, among others.
Gloria Gamero, director of Institutional Funding, explained that "the signing of the memorandum with a strategic Partner such as the government of the Netherlands, through Invest International, is aligned with the purpose of being the green bank and the economic reactivation in Latin America and the Caribbean with knowledge, technical assistance and future resources that improve the quality of life of the people and promote new opportunities in order to contribute to the reduction of poverty"..
Joost Oorthuizen, CEO of Invest International said: “This MoU is the result of CAF continuing to put the SDGs at the centre of driving sustainable economic growth in Latin America and the Caribbean. Invest International shares that drive and we look forward to cooperation enabling future investment decisions which support and strengthen local economies.”.
With this memorandum of understanding, the two entities will also develop business areas and explore financing of public, private, and corporate projects in sectors such as infrastructure and water, healthcare, sustainable manufacturing, renewable energy, and agri-food.
The signing of this Memorandum of Understanding took place in the cities of Lima, Peru and The Hague, the Netherlands between Gloria Gamero, Director of Institutional Funding, representing CAF and Michiel Slootweg, Director of Private Sector, representing Invest International Capital B.V., Invest International Development B.V. and Invest International Public Programmes B.V.