BBVA and CAF confirm their commitment in Latin America

BBVA President Carlos Torres Vila and his counterpart from CAF – Latin American Development Bank, Sergio Díaz-Granados, signed a memorandum of understanding by which they join forces to promote sustainable development in the region and support economic recovery after the pandemic.

For the President of BBVA, “The agreement with CAF is a reflection of BBVA’s commitment in the region in order to promote post-COVID recovery with a focus on digitization, financial inclusion and sustainability.

The agreement aims to encourage, develop and facilitate activities in areas such as co-financing of projects, green and social link or expansion of local currency programs. In addition, thanks to BBVA’s vast experience in the financial world, they aim to strengthen the innovation of financial products and services with a strong social impact, support for SMEs and microfinance companies, and knowledge production.

During this time, Sergio Díaz-Granados, Executive President of CAF, said: “Our partnership with BBVA involves the mobilization of new resources for green finance, which is essential for countries in the region to move towards productive schemes and economies with low emissions of polluting gases.

New technologies and the support of decarburization transform the economic activity and the way of life of the population. This represents a huge opportunity to transform society and businesses into Latin America and the Caribbean – ensuring sustainable and inclusive growth.

BBVA and CAF have a long history of collaborating to finance projects in Latin America through the development of capital markets and initiatives related to project finance, trade finance and lines of credit. The bank recently granted CAF a $ 200 million loan to fund programs to help mitigate the social and economic effects of the pandemic in the region.

“,” location “:” bottom “,” categoria_onetrust “:” C0002 “}, {” script “:” Google Tag Manager – 1 / 2 “,” codigo “:” r n r n r n“,” location “:” head “,” categoria_onetrust “:” C0002 “}, {” script “:” Google Tag Manager – 2 / 2 “,” codigo “:” r n r n“,” location “:” body “,” categoria_onetrust “:” C0002 “}, {” script “:” AddThis “,” codigo “:” r n r n r n “,” location ” : “bottom”, “categoria_onetrust”: “C0004”}, {“script”: “pixelES”, “codigo”: “”, “location”: “head”, “categoria_onetrust”: “C0004”}, {“script “:” pixelCO “,” codigo “:” r n r n r n r n r n r n r n r n r n r n r n r n r n r n r n “,” location “:” head “,” categoria_onetrust “:” C0004 “}, {” script “:” pixelPE “,” codigo “:” r n r n r n r n r n r n r n r n r n r n r n r n r n r n “,” location “:” head “,” categoria_onetrust “:” C0004 “}, {” script “:” pixelAR “,” codigo “:” r n r n r n r n r n r n r n r n r n r n r n “,” location “:” head “,” categoria_onetrust “:” C0004 “}, {” script “:” pixelMX “,” codigo “:” “,” location “:” head ” , “categoria_onetrust”: “C0004”}, {“script”: “pixelFacebookGlobal”, “codigo”: “ r n r n r n r n “,” location “:” head “,” categoria_onetrust “:” C0004 “}]; / *]]> * /

About Arla Lacy

Check Also

ACM Appoints Anand Varadarajan as Director – Innovation and Growth

Asit C. Mehta Financial Services Ltd (ACMFSL), one of the leading fintech conglomerates in Indian …