CAF-AM participated in key meetings of APEC 2024 Forum in Peru

In 2024, Peru hosted the Asia-Pacific Economic Cooperation Forum (APEC), an organization established in 1989 to promote regional economic integration through technical and economic cooperation among its members.

CAF Asset Management Corp. (CAF-AM) had a prominent participation in this important event through Alberto Ñecco, CEO of the institution. Ñecco moderated the panel on Sustainable Infrastructure Financing, which focused on integrating the Sustainable Development Goals (SDGs) and Environmental, Social and Governance (ESG) criteria in the development and financing of infrastructure. The panel included Lenin Mayorga, representative of the Ministry of Economy and Finance of Peru; Pedro Pablo Jaramillo, head of the Participation, Environment and Territory division of the Ministry of Public Works of Chile; representatives of the Asia Development Bank and members of the economies that signed the agreement.

In addition, Alberto Ñecco participated as a panelist in the workshop on Mobilizing Private Resources for Sustainable Financing of Public Infrastructure Projects, addressing essential aspects to attract the attention of the private sector to Public-Private Partnerships (PPP), such as adequate profitability, legal certainty, bankability and good governance. This workshop also counted with the participation of Ancor Suárez, specialist in public-private partnerships of the Inter-American Development Bank (IDB); Julius Caesar Parreñas, member of ABAC (APEC Business Advisory Council) and senior advisor of the Daiwa Research Institute; and Poldy Osorio, representative of the International Finance Corporation (IFC).

In August, Alberto Ñecco represented CAF-AM again, moderating another panel dedicated to sharing best practices for attracting foreign direct investment in infrastructure projects. This meeting was attended by members of the Organization for Economic Cooperation and Development (OECD), the Inter-American Development Bank (IDB) and the U.S. Department of State. The topics discussed highlighted the importance of incorporating sustainability criteria at all stages of infrastructure development, fostering public-private partnerships capable of overcoming structural challenges in Latin America, and the strategic value of adopting sound international standards to ensure profitable and socially responsible investments.