CAF Allocates $2.74 Billion to Boost Latin American Development

The Development Bank of Latin America and the Caribbean (CAF) has approved $2.74 billion in loans across nine countries to support energy transitions, ecosystems, and infrastructure. Additionally, the bank signed humanitarian aid agreements for three nations and six credit deals for Ecuador, and included Antigua and Barbuda as a new member.

The Development Bank of Latin America and the Caribbean (CAF) has allocated $2.74 billion in loans to nine countries in the region. This funding aims to assist with their energy transition, strengthen ecosystems, and improve infrastructure, the bank announced on Thursday.

Additionally, the bank has signed humanitarian aid agreements for three countries and finalized six credit deals with Ecuador totaling $483 million. In a significant move, Antigua and Barbuda has been added to the bank's membership roster, CAF stated.

The substantial financial commitment underscores CAF's dedication to fostering development in Latin America and the Caribbean by addressing critical areas like energy, environment, and infrastructure.

(With inputs from agencies.)