The corporate manager of countries at the Development Bank of Latin America (CAF), Emilio Freire, attended the AM Interview on channel 10, where he referred to the projects carried out by his institution, among which he reiterated the support for El Salvador in various projects such as education, infrastructure, and economic growth, thanks to a financing of $375 million.
Freire explained that as a bank, they are also working on projects in favor of early childhood, so they will support El Salvador in the different initiatives. “We always think about investment to attract the development of nations,” he said.
“Confidence has made El Salvador see a Latin American bank that works for the development of the region,” he said.
According to Emilio Freire, CAF was born in 1970 as a development bank for the countries of the Andean community. “Capital was opened, and other countries in the region, such as Mexico, Brazil, and Argentina, were summoned,” said Freire, who explained the emergence of the Development Bank of Latin America. “CAF has been rated as the best issuer in the Latin American region,” he highlighted.
According to the CAF corporate manager, his institution implements a policy to promote environmental conservation. In addition to supporting the different damage caused by natural phenomena and the effects of climate change. “Since our creation, we have talked about sustainable development.”
Emilio Freire announced that the financial institution will end the year with 21 member countries. “We have to create good projects to boost development,” he said.
It is worth mentioning that the role of CAF in Latin America is to support and bring development to the nations. “We have built thousands of kilometers of roads throughout the entire region, but we have not done the most impressive projects with large amounts of money,” said Emilio Freire.
Emilio Freire explained that, in the history of the institution, they have transformed the lives of many people, bringing development to different countries. “Through CAF, we finance large projects that benefit the population,” he reiterated.