Arlington, VA – Today, the U.S. Trade and Development Agency (USTDA) and CAF-Development Bank of Latin America (CAF) renewed their partnership to advance high-quality sustainable infrastructure projects in the Latin America and Caribbean region. USTDA and CAF agreed upon a new joint action plan to advance clean energy, transportation, digital connectivity, climate, water, and environment-related infrastructure projects across the region.
“Sustainable infrastructure is critical for long-term development and prosperity throughout the Latin America and Caribbean region. USTDA and CAF share a vision and complementary set of tools to help make that happen,” said Enoh T. Ebong, USTDA’s Director. “USTDA’s renewed partnership with CAF aligns with the Partnership for Global Infrastructure and Investment, which President Biden and the G7 leaders launched earlier this week. This partnership will help deliver game-changing projects to close the infrastructure gap across the region, as well as increase U.S. industry engagement in the region’s infrastructure development.”
The USTDA-CAF partnership began in 2015 with a framework to collaborate on project preparation and financing to help implement sustainable infrastructure priorities in the region. Shared goals highlighted under the partnership include supporting infrastructure investments that promote economic, social, and environmental development in the region, as well as providing support for project preparation to ensure the bankability of infrastructure projects.
Sergio Díaz-Granados, CAF’s Executive President, said: “We continue to join allies to improve the structuring of projects with strategic partners such as USTDA. This is essential to improve the designs, budgets and necessary studies so that when the time comes for execution and maintenance, we have more efficient, sustainable and resilient works in terms of climate change adaptation, in line with our purpose of becoming the green bank of Latin America and the Caribbean.”
This partnership advances the U.S. government’s commitment from the recent Summit of the Americas to mobilize climate finance in coordination with regional development banks, including CAF.
The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority infrastructure projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project preparation and partnership building activities that develop sustainable infrastructure and foster economic growth in partner countries.
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