The Development Bank of Latin America and the Caribbean, known as CAF, grew out of the 1966 Bogota Declaration signed by Colombia, Chile, Venezuela, Ecuador and Peru to pursue Andean economic integration, and was formally established February 7, 1968 as the Andean Development Corporation, beginning operations June 8, 1970. Headquartered in Caracas, Venezuela, it expanded beyond its Andean founders in the early 1990s to take in other Latin American and Caribbean nations as well as Spain and Portugal, and today counts 23 member countries, financing public and private sector projects and providing technical cooperation to promote sustainable development and regional integration. Sergio Diaz-Granados Guida serves as president.
Facts
Founding YearSourced to the subject's own account Founding DateSourced to the subject's own account HeadquartersSourced to the subject's own account Classification
Institution SubtypeSourced to the subject's own accountInternational Financial Institution 1 In the Other Atlases
Located In
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Sources
1. Development Bank of Latin America and the Caribbean (CAF) (Wikipedia)
WikipediaWikipedia infobox Headquarters field, CAF - Development Bank of Latin America article
Caracas, Venezuela
Wikipedia infobox Established field, CAF - Development Bank of Latin America article
February 7, 1968; 57 years ago (1968-02-07)
Introduction, institution-subtype
The Development Bank of Latin America and the Caribbean, known as CAF, grew out of the 1966 Bogota Declaration signed by Colombia, Chile, Venezuela, Ecuador and Peru to pursue Andean economic integration, and was formally established February 7, 1968 as the Andean Development Corporation, beginning operations June 8, 1970.
View the Source CAF Development Bank of Latin America and the Caribbean: About CAF
CAF Development Bank of Latin America and the CaribbeanIn Group: Development Banks of the Americas, Page textQuote, In Group: Development Banks of the Americas, Page text
We are a development bank established in 1970 and made up of 23 countries - 21 from Latin America and the Caribbean, Spain and Portugal - and 13 private banks in the region.
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