The Andean Foment Corporation (CAF is the acronym in Spanish) is a multilateral financial institution with a mission to support a sustainable development policy in its shareholding countries and to pursue regional integration. It deals with both public and private sectors by purveying multiple financial items and services to a wide array of customers ranging from governments of shareholding states and financial institutions to public and private enterprises. Within the framework of its arrangement policies, CAF puts together social and environmental solutions. Such terms as ecological efficiency and sustainability are highlighted by CAF.
This organization has maintained a permanent representation in each and every one of its shareholding countries, a presence that has allowed CAF to strengthen its effectiveness as far as resource allocation is concerned. Today, it stands for the main source of multilateral bankrolling for member nations of the Andean Community, providing as much as 40% of all endowments granted by multilateral international institutions in the last decade.
Membership:
CAF is currently made up of twelve countries from Latin America and the Caribbean. Its major shareholders are the five member nations of the Andean Nations Community, plus other seven C-series extra-regional partners and stockholders and 22 B-series private-owned banks from the Andean region.