• Record Investment: CAF approved $5.2 billion across 16 projects in 10 countries to drive infrastructure, energy transition, and social development.
• Strategic Expansion: Guatemala and St. Lucia join as new shareholders, broadening CAF’s reach and influence in Central America and the Caribbean.
• Sustainable Focus: Projects span clean energy, climate action, mobility, and mental health, reinforcing CAF’s role in shaping sustainable and inclusive growth.

CAF – Development Bank of Latin America and the Caribbean – has approved a record $5.2 billion in funding for 16 sustainable development operations across 10 countries, marking its largest round of credit approvals to date. The decision was made during a historic Board of Directors meeting in Seville, where the institution also confirmed the inclusion of Guatemala and St. Lucia as new shareholder countries.

“This has been a historic board of directors. Never before has CAF approved so many credit operations, nor such a large amount to finance the integral development of Latin America and the Caribbean,” said CAF Executive President Sergio Díaz-Granados. “This demonstrates that the institution is filling financing gaps and consolidating its position as the leading multilateral in promoting progress and well-being for all citizens.”

Expansion into the Caribbean and Central America

In a move that consolidates CAF’s regional expansion, Guatemala and St. Lucia were formally approved to begin their accession as Series “C” shareholders. This will grant them access to CAF’s financial, technical, and knowledge-based services aimed at advancing development priorities.

The meeting also marked the conversion of Barbados into a full member and an increased capital contribution from Antigua and Barbuda—further strengthening CAF’s presence in the Caribbean.

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“These incorporations broaden our geographic scope and will allow us to deepen regional integration,” Díaz-Granados added.

Key Project Highlights:

Argentina – Aqueduct Modernization

• $150M loan for the Sustainable Aqueduct System Program in Chubut Province, benefitting cities such as Comodoro Rivadavia and Caleta Olivia.

Bolivia – Renewable Energy Investment

• $110M to develop the Chichas Solar Plant, supporting Bolivia’s clean energy transition.

Chile – Rail Network Expansion

• $700M second-phase financing to modernize the Empresa de los Ferrocarriles del Estado (EFE) rail infrastructure.

Bahamas – Energy Sector Reform

• $100M to modernize electricity infrastructure, expand renewables, and improve affordability for Bahamian households and businesses—the country’s first CAF-backed project.

Colombia – Environmental, Health & Mobility Programs

• $350M for the Climate Action, Sustainability and Biodiversity Program to support the country’s climate strategy.
• $150M to expand mental health access, focusing on rural and underserved communities.
• $240M to modernize air navigation infrastructure via Aerocivil’s Strategic Investment Plan 2025–2030.
• $200M for urban mobility under Bogotá’s “Bogotá Camina Segura” 2024–2027 District Plan.

Costa Rica – Green Liquidity Line

• $500M approved as CAF’s first green contingent credit line, marking Costa Rica’s debut participation in such a facility.

Paraguay – SME Financing Expansion

• A renewed and increased $100M revolving line of credit for the Agencia Financiera de Desarrollo (AFD), doubling the previous amount to boost SME development.

Peru – Penitentiary System Overhaul & Gas Expansion

• $800M for the Program to Improve and Close Gaps in the National Penitentiary System—the most ambitious justice system reform in South America.
• $500M A/B loan to Gas Natural de Lima y Callao (Cálidda) to expand natural gas access to 9 million people in Lima and Callao.

Peru – Social Infrastructure and Mobility

• Further investments aimed at improving prison services and urban infrastructure in high-need areas.

Panama – Forest Management

• Support for sustainable forest and biodiversity conservation.

Sustainable Infrastructure Projects – Regional

• $250M non-revolving credit line to Sacyr Group for sustainable development projects across CAF member countries, including water, sanitation, hospitals, schools, waste management, circular economy initiatives, and green businesses.

CAF’s comprehensive package demonstrates its growing leadership in catalyzing sustainable development, financing resilience-focused infrastructure, and deepening regional cooperation. The institution’s strategic expansion and diversified project portfolio are expected to drive long-term, inclusive growth across Latin America and the Caribbean.

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