It has been a busy year for CAF. The multilateral - which last
year rebranded as the Development Bank of Latin America, to
reflect its pan-regional ownership and scope - has worked hard
to deepen its global links; it has sold bonds in a range of
international jurisdictions; it has seen a surge in its
lending; and it has had its credit ratings upgraded by three
Multilateral Development Bank of the Year: CAF
With a focus on infrastructure, the multilateral lender has expanded its loan book and is prepared for greater demand as markets turn sour
All this happened during a period in which Latin markets
were, for the most part, booming. Enrique García, CAF's
president, tells LatinFinance that the importance of
multilateral development banks stretches beyond filling the
gaps when commercial lenders retreat during a downturn.
"Institutions like CAF and the multilateral banks are
crucial to the member countries when the situation is difficult
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