CAF will increase ‘green’ funding to 40% over four years

The Development Bank of Latin America, CAF, pledged on Tuesday that 40% of all its financing will go to sustainable projects with the aim of contributing to the achievement of the Sustainable Development Goals of the 2030 Agenda.

At an event organized in New York in the framework of the 77th United Nations General Assembly, where CAF has been a permanent observer for 10 years, experts, leaders, experts and Nobel laureates went over the two days of the challenges for Latin America. united and fair.

“Our goal is to go from 21% (of funding) last year to 40% in the next four years, in terms of climate change, reducing its impact, disaster prediction and making the necessary infrastructure to be resistant to what comes from now, ” said Sergio Díaz-Granados, president of the bank.

“CAF’s role as a source of financing for the Sustainable Development Goals in the transition to a greener economy and its efforts so that the Latin American region can fight more effectively against poverty and inequality is very important,” he said. Juan Manuel Santos, former president. from Colombia.

Sergio Díaz-Granados’ wish for 2030 is for the Development Bank of Latin America to double in size and become “a presence and a solution to the problems of Latin America and the Caribbean.”

“I wanted the bank to have an even greater geographic reach before that day and have the ability to implement programs across borders between countries,” he said.

Another of the things discussed during the two-day event in New York was the importance of the coffee sector in Latin America and the Caribbean, or the importance of investing in sports to participate in society.

“Since the start of the pandemic, the number of mental health problems has increased by more than 200%, and sport can significantly help reduce that number,” said Philipp Muller-Wirth, head of UNESCO’s Department of Sport.

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