Panama City, 19 July 2022 (TDI): The Foreign Ministry of Honduras stated that Honduras signed for membership of the Development Bank of Latin America (CAF).

The Minister of Finance, Rixi Moncada signed the membership on behalf of the country’s President, Xiomara Castro de Zelaya, in Panama.

Attending the event was the Secretary of Foreign Affairs and International Cooperation of Honduras, Enrique Reina.

Most importantly, the membership will enable Honduras to acquire credits for the improvement of the country’s public sector. As well as the small and medium entrepreneurs.

Development Bank of Latin America

The development bank was created in 1970. As an international financial institution, it finances projects and promotes a sustainable development model in Latin America and the Caribbean through credit operations.

As well as non-reimbursable resources, and technical support. It consists of various countries from Europe, Latin America, and the Caribbean. Together with 14 private banks in the Andean region also with offices in 19 countries.

CAF’s lines of action for the promotion of CSR include ‘Latin American Programme on Carbon and Clean and Alternative Energies (PLAC+e), Cleaner Industries and Cities, Sustainable Development in Financial Institutions, Comprehensive Community development.

Together with Corporate Governance Programme – Support to the “Empresas en diálogo” Project.

The headquarters of the Development Bank of Latin America are located in Venezuela. It has offices in Buenos Aires, La Paz, Brasilia, Bogota, Quito, and Madrid. As well as Mexico D.F, Panama City, Asuncion, Lima, Montevideo and Port of Spain.

Notably, the Bank also worked closely with the Pan-American Health Organization/World Health Organization (PAHO/WHO) in 2015. PAHO is one of the oldest international public health organization in the world.

Therefore, it works with its member countries. Especially to improve the health and the quality of life of the people of the Americas. PAHO is part of the United Nations system, serving as the Regional Office for the Americas of WHO.

In 2015, PAHO/WHO and CAF announced joint actions in strengthening the capacity of countries in the Americas.

Specifically to respond to disease outbreaks and epidemics, including Ebola, during the 7th Summit of the Americas, which was held in Panama City on 10 to 11 April 2015.