Kudos for Bolivian Enrique Garcia, he was reelected (unanimously) by CAF’s Board, to continue as its Executive President. Since he started, CAF’s patrimony went up ten times; and assets by 18 times. A small development organization that was serving the Andean countries, is in the verge of becoming the most important development bank for Latin America.
For those of you who would like to know more about CAF (has interesting publications), see below an excerpt from its web page (www.caf.com):
“CAF is a development bank established in 1970 that currently consists of eighteen countries in Latin America, the Caribbean and Europe, as well as fourteen private banks from the Andean region.
The organization promotes a model of sustainable development through credit operations, grants and technical support, and offers financial structuring to public and private sectorprojects in Latin America.
Based in Caracas, Venezuela, CAF has offices in Buenos Aires, La Paz, Brasilia, Bogota, Quito, Madrid, Panama City, Lima and Montevideo.
We promote sustainable development and regional integration through efficient resource mobilization for the timely delivery of multiple, high added value financial services to public and private clients in our shareholder countries.”