Andean Development Corporation

"Corporación Andina de Fomento (CAF) is a multilateral financial institution that mobilizes resources from international markets to Latin America, in order to provide multiple banking services to both public and private clients of its shareholder countries. The Institution is committed to sustainable development and regional integration. Established in 1970, in Caracas, Venezuela, it has country offices in Buenos Aires, La Paz, Brasilia, Bogota, Quito, Madrid, Panama and Lima. Its shareholders are:

• Argentina
• Brazil
• Bolivia
• Chile
• Colombia
• Costa Rica
• Dominican Republic
• Ecuador
• Jamaica
• Mexico
• Panama
• Paraguay
• Peru
• Spain
• Trinidad & Tobago
• Uruguay
• Venezuela

and 14 private banks in the region. CAF is the main source of multilateral financing of the Andean region. Likewise, during the last five years, the Institution has strengthened its presence in Latin America, particularly in projects that contribute to regional integration."