Annual Report CAF 2020
In this complex year, marked by COVID-19, CAF was up to the task and honored the anti-cyclical role we have as one of the most relevant multilateral banks in the region. We helped our member countries weather the storm with loan approvals for approximately USD 6 billion directly aimed at alleviating the healthcare and socioeconomic effects of the pandemic. This figure, in addition to long-term development operations in infrastructure, water and sanitation, urban mobility, digitalization and education, among other areas, totaled USD 14.17 billion approved for the development of Latin American countries, an all-time high for the institution. As for bond issues in international markets, CAF completed 29 transactions for approximately USD 3.95 billion, including three benchmark issues, one on the European market and two on the US market, totaling USD 2.32 billion. One of the highlights in this regard was the transaction on the European market for CAF’s first public Social Bond, which aimed at addressing the healthcare and economic emergency caused by the pandemic in member countries. This issue consolidated CAF as a leading issuer in the region in socially responsible debt instruments.