AWARDS: Multilateral Development Bank of the Year

AWARDS: Multilateral Development Bank of the Year

Corporate & Sovereign Strategy

Multilateral lenders have long served as Latin America’s counter-cyclical agents, aiding the overall development of the region. This year’s winner, regional development bank CAF, has maintained its status as a frequent bond issuer, grown its loan portfolio and also developed infrastructure funds.CAF’s president Enrique García says the bank is the entity that “brings the umbrella when it’s raining”, and its relationships with a number of development banks and commercial lenders have enabled several financings to get off the ground.“It’s not just about direct lending. But by being involved we provide an umbrella so others can co-finance,” he says. “We ensure we can attract commercial banks and

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