USTDA and CAF -- Development Bank of Latin America Partner to Support Infrastructure Development
September 14, 2015
(USTDA)
ARLINGTON, Va. – Last week, the U.S. Trade and
Development Agency and CAF – Development Bank
of Latin America signed a Memorandum of
Understanding (MOU) to collaborate to support
the development, financing and implementation
of priority infrastructure projects in Latin
America and the Caribbean. The MOU will
advance activities of mutual economic benefit
in the areas of clean energy, transportation,
telecommunications and other fields jointly
determined.
“We are delighted to formalize our partnership
with CAF and believe that there is much that we
can accomplish together,” said USTDA Director
Leocadia I. Zak. “This MOU signifies our
shared commitment to developing priority
infrastructure in Latin America and the
Caribbean.”
“We are pleased to strengthen ties with the
U.S. Trade and Development Agency by signing
this agreement of cooperation to promote
development and integration initiatives in key
sectors within CAF’s comprehensive agenda in
Latin America,” stated Enrique Garcia,
Executive President and CEO of CAF. “CAF aims
to work together with USTDA to identify
structural challenges and opportunities in the
current regional and global context.”
Under this partnership, USTDA and CAF will
leverage each other’s resources and programs.
In particular, CAF may recommend projects for
USTDA’s project planning and/or partnership
building activities, which in turn may be
implemented with CAF financing.
This collaboration supports the objectives of
the Clean Energy Finance Facility for the
Caribbean and Central America (CEFF-CCA), which
President Obama announced in April 2015 and
under which USTDA and other U.S. government
agencies will provide early-stage funding to
catalyze greater private and public sector
investment in clean energy projects across the
region.
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