LIMA, July 13 (NNN-ANDINA) — Economy and Finance Minister Alex Contreras, representing Peru, will assume the chairmanship of the Development Bank of Latin America (CAF) for a period of one year starting Tuesday.
The aforementioned financial institution will hold its board meeting in Lima, where the Economy and Finance Ministry’s head will assume the post.
On Monday, Minister Contreras met with Development Bank of Latin America (CAF) Executive-President Sergio Diaz-Granados.
At the meeting, they discussed the support that this organization provides to Peru and how to strengthen cooperation ties in projects of interest for the South American country.
During this meeting, the CAF executive-president and the Peruvian government official underscored various aspects of the cooperation provided by this development bank to Peru.
Likewise, the commitment of the international institution to strengthen cooperation in technical assistance, as well as investment in strategic programs and infrastructure projects was reaffirmed.
“We are going to launch a renewed agenda in favor of long-term development, the boost to infrastructure and productive development tools, in addition to continuing working on regional reactivation with the aim of reducing poverty. These are very important issues, and it will be important to rely on the financial support from CAF,” Contreras said.
The Ministry of Economy and Finance (MEF) has been implementing measures to dynamize and promote private investment at the macroeconomic level, for the development of major (public) infrastructure works; while, at the microeconomic level, it seeks to work on productive development initiatives.
After the discussion, the MEF head and the CAF executive-president held a meeting with Pres Dina Boluarte at Government Palace, with whom they analyzed the extensive work agenda that said organization had crafted for Peru, as well as the boost to investment projects aimed at closing gaps.
CAF is a development bank that seeks to promote sustainable development and regional integration.
It is made up of 20 Latin American and Caribbean countries, as well as Spain, Portugal, and 13 private banks in Latin America.
The banking institution offers advice and financial support to the public and private sectors of shareholder countries, in addition to generating knowledge to strengthen public policies in Latin America and the Caribbean, plus improving the quality and impact of the projects it promotes. — NNN-ANDINA
