The Latin America Development Bank

Established in 1970, the Latin America Development Bank also known as the Corporación Andina de Fomento (CAF) is an international financial institution that promotes a model of sustainable development through credit operations, grants and technical support, and financial structuring to public and private sector projects in Latin America. The Latin American Development bank is composed of eighteen countries in Latin America, the Caribbean and Europe,1 and fourteen private banks from the Andean region. CAF is based in Caracas, Venezuela, and has offices in Buenos Aires, La Paz, Brasilia, Bogota, Quito, Madrid, Panama City, Lima, and Montevideo. The Institution’s shareholders are Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Jamaica, Mexico Panama, Paraguay, Peru, Portugal, Spain, Trinidad & Tobago, Uruguay, Venezuela, and 14 private banks within the region.