CAF-AM and COFIDE sign agreement to boost infrastructure projects in Peru

CAF Asset Management Corp. (CAF-AM), a subsidiary of CAF – Development Bank of Latin America and the Caribbean, and COFIDE, Peru’s Development Bank, announced the signing of an Interinstitutional Cooperation Agreement to promote the development of funds that attract private capital for infrastructure.

The agreement seeks to encourage the creation and management of debt funds to drive strategic infrastructure projects. This collaboration will help identify financing and investment opportunities, enabling broader private sector participation in key areas for economic and social growth.

As part of the agreement, both institutions will exchange knowledge and expertise in designing Infrastructure Funds, review legal and financial conditions, and structure financing proposals for Public-Private Partnership (PPP) and private projects.

For COFIDE, this agreement strengthens its role as a promoter of sustainable development, helping to deepen financial markets and consolidate its leadership in financing high-impact projects. “This agreement reaffirms our role in closing infrastructure gaps through public-private investments, and highlights our commitment to work for the benefit of all Peruvians,” said José Sarmiento, CEO of COFIDE.

CAF-AM will contribute its experience as a fund manager specializing in infrastructure across the region, with over USD 2.4 billion in assets under management. “With this agreement, we will strengthen the infrastructure financing ecosystem, combining our expertise as fund managers with COFIDE’s leadership in developing financial markets. We are committed to identifying opportunities that generate a positive impact on economic and social development,” said Alberto Ñecco, CEO of CAF-AM.