CAF allocated + USD 1.3 billion to Latin American and Caribbean oceans
June 03, 2025
During the Blue Economy and Finance Forum (BEFF) in Monaco, CAF -development bank of Latin America and the Caribbean- announced that it will invest USD 2.5 billion to boost the sustainable blue economy and preserve the region's oceans. This funding doubles the commitment made at the Lisbon Conference in 2022, which has already been achieved, and makes CAF the leading multilateral organization in blue finance.
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CAF will invest USD 2.5 billion through 2030 to preserve the oceans, encourage responsible tourism, promote artisanal fisheries, manage the region's coastlines, conserve and restore marine ecosystems, develop clean technologies and renewable ocean energy, decarbonize ports and maritime transport and, ultimately, enhance the blue economy and local communities in Latin America and the Caribbean.
The destination of the funds will respond to the proposals of CAF's new sustainable blue economy strategy, also presented at the BEFF and UNOC, which establishes a comprehensive framework for the development of sustainable productive systems around the oceans, and positions the institution not only as a source of financing, but also as a key partner for countries to implement their development plans around the coasts and oceans.
CAF's new oceans strategy is based on four main pillars:
“This important financial commitment not only reflects CAF's effort to protect the region's marine ecosystems, but also our ambition to be the main catalyst for a sustainable and regenerative blue economy in Latin America and the Caribbean. We thus reaffirm our commitment to a future where prosperity and sustainability protect the oceans, which are essential for the future of the region and the planet,” said Sergio Diaz-Granados, CAF's executive president.
CAF recently announced that it exceeded its goal of mobilizing USD 1.25 billion between 2022 and 2025 for sustainable blue economy projects, reaching a total of USD 1.32 billion. These resources were allocated to a total of 17 credit operations and 18 technical cooperation operations with sustainable blue economy components and protection of marine and coastal areas, benefiting 16 countries in Latin America and the Caribbean.
Investment lines of the US$ 2.5 billion
CAF's new oceans strategy encompasses several key lines of work for marine and coastal sustainability, including:
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