LatinFinance: CAF Best Multilateral of the Year

(Caracas, December 15, 2010).- Best Multilateral Bank 2010 was the award given to CAF - Latin American development bank – by the prestigious of LatinFinance magazine, leading publication in financial information and Latin American investment.

The award is one of the most important in the region and, as explained in the article published by the magazine, is based on CAF’s successful operations, continuous expansion of its membership, the regional nature of the institution and increase in its portfolio.

A special mention was made of the fact that in 2010 Standard & Poor's agency upgraded CAF’s perspective rating from Stable to Positive. The magazine said, "this reflects the success and expansion of membership, the increase in paid capital and reduction of concentration of countries in the loan portfolio."

The award is recognition of the institution’s excellent solvency, based on its efficiency, stability, legal structure and financial strength, position confirmed by strong results and solid financial indicators, combined with constant support from its shareholders over the years.

LatinFinance magazine chose CAF as Best Development Bank of the Year in 2004, and in 2005 CAF president & CEO Enrique García was named Man of the Year by the publication.