Add us as your preferred source on Google to see more of our content in Search.
Add to Preferred SourcesThe Inter-American Development Bank (IDB), CAF – development bank of Latin America –, and FONPLATA – Development Bank – announced the launching of their Alliance for the Integration and Development of Latin America and the Caribbean (ILAT) to provide technical and financial support to integration projects and generate knowledge and applied technology.
The three banks have joined forces to support Latin American and the Caribbean countries efforts to develop quality integration infrastructure in transparent and innovative ways. This is a new, modern Alliance that constitutes a major collaboration resource for governments in the region, the three institutions said in a joint statement.
Together, the three organizations currently finance close to 100 integration projects in South American countries for a total of nearly $10 billion.
Through ILAT, the banks will be able to cooperate with Latin American and Caribbean countries, helping them set up a prioritized portfolio of integration infrastructure projects and bolstering their project pre-investment, financing, and execution efforts.
In addition, the initiative will offer technical support for the development of integration programs and binational or multinational initiatives.
ILAT will also promote the generation of knowledge products and digital platforms for the integration projects in order to improve their ability to measure and monitor their benefits and facilitate project identification, planning, and prioritization.
Original source: CAF
Published on 03 August 2020