CAF - Development Bank of Latin America

SECTOR Supranational
RATINGS A+/Aa3/A+
RATING OUTLOOK Stable/Stable/Positive
PAID-IN CAPITAL (31 Dec 2020) US$9.3BN
CALLABLE CAPITAL (31 Dec 2020) US$1.6BN
FUNDING VOLUME 2020/2021 US$4BN/US$4.5BN
RISK WEIGHT 20%
REPO ELIGIBILITY None
About CAF - Development Bank of Latin America

CAF – Development Bank of Latin America was established in 1970. It consists of 19 countries in Latin America, the Caribbean and Europe, as well as 13 private banks from the region.

CAF has evolved from a subregional lender focused on the Andean region to a wider Latin-American development bank. CAF operates as a lender of last resort to its members when markets are closed to them.

The organisation’s mandate is to promote and foster sustainable development and regional integration through credit operations, grants and technical cooperation, and to offer financial support to public- and private-sector projects. CAF’s focus is predominantly on infrastructure, energy and sustainable-development projects.

Sustainable funding strategy

CAF’s sustainability strategy revolves around adopting as its own the challenges outlined by the UN Sustainable Development Goals, and with the conviction that Latin-American countries can make a qualitative leap toward the construction of a more inclusive, low-carbon and resilient society. CAF has formulated an agenda to assist countries in the pursuit and achievement of such targets.

CAF’s strategic approach focuses on mobilising financial resources into the region to promote green and social investments through the issuance of thematic bonds.

SUSTAINABILITY OBJECTIVES OF GSS BOND PROGRAMMES
Green Bond Program: aims to support CAF’s member countries with their nationally determined contributions (NDCs) undertaken in the context of the Paris Climate Agreement by financing projects that promote low-carbon and environmental sustainability in the Latin-American region.
Social Bond Program: developed to finance socially impactful projects and expenditures, in particular those that support the region’s mitigation of and recovery from the COVID-19 pandemic.

GSS BOND PROGRAMME NAMES Green Bond Program, Social Bond Program

REFERENCE TAXONOMIES FOR THE USE OF PROCEEDS

 Green Bond Principles, Social Bond Principles
FRAMEWORKS WITH WHICH THE GSS BOND PROGRAMMES ARE ALIGNED Green Bond Principles, Social Bond Principles
EXTERNAL REVIEW PROVIDERS Sustainalytics

PUBLIC ISSUER ESG RATINGS/SCORES
CAF is not aware of any ESG rating.  Unsolicited ratings may have been attributed.

FOR FURTHER INFORMATION PLEASE CONTACT:

Antonio Recine
Director of Financial Policies and International Issues
+57 (1) 743 7251
This email address is being protected from spambots. You need JavaScript enabled to view it. 
www.caf.com/en/investors