ICO and CAF sign a 94 million agreement to finance projects of Spanish interest in Latin America

MADRID, 25 May. (EUROPA PRESS) -

The president of the Official Credit Institute (ICO), José Carlos García de Quevedo, and the executive president of the Latin American development bank CAF, Sergio Díaz-Granados, have signed a new agreement worth 100 million dollars (94 million euros) to finance projects of Spanish interest that promote sustainable and digital development in Latin America.

As detailed by the institutions in a joint statement, this is the eighth agreement within the active collaboration between ICO and CAF for more than 20 years, and which has allowed the mobilization of 900 million dollars (843 million euros) towards Latin American projects. in which Spanish companies participate.

The initiatives benefited from these resources cover strategic sectors such as climate change, water and sanitation, renewable energies and sustainable cities, thus allowing the expansion of the regions served by the ICO Canal Internacional line.

"Thanks to this new financing agreement, ICO's commitment to financing operations that contribute to the transition towards an inclusive, digital and environmentally responsible economy is made clear", highlighted the president of ICO, José Carlos Garcia de Quevedo.

Likewise, Quevedo underlined that the agreement consolidates the joint work that the institution carries out with CAF to promote the growth and international activity of Spanish companies in Latin America.

For his part, the executive president of CAF, Sergio Díaz-Granados, stated that in a context of challenges in terms of sustainable development in the Latin American region, the multilateral organization positions itself as a green bank in the region to support the different countries to respond at the speed and scale that these challenges demand, and reposition them on the path towards sustainable and inclusive development.

"This agreement will allow us to identify and promote investment opportunities in sectors of common interest that promote a sustainable and inclusive economic recovery and that contribute to the fight against climate change," Díaz-Granados added.