A. M. The Development Bank of Latin America and the Caribbean (CAF) announced the investment of US$8.5 billion through 2030 in its new strategy “Prosperidad Agropecuaria”. This initiative seeks to strengthen food security, promote rural development, and position the region as a leader in sustainable and resilient agrifood production.
The launch of the strategy was held at the FAO Regional Office and was attended by representatives of international organizations and ministers of agriculture of the region. During the event, Sergio Díaz-Granados, CAF’s Executive President, emphasized that the investment will double the bank’s cumulative investment in the sector and will be executed in collaboration with strategic allies such as FAO, IICA, WFP and IFAD.
FAO’s chief economist, Máximo Torero, underscored the challenges the region faces in transforming its agricultural sector and the need to integrate sustainable practices throughout the production chain. He also pointed out that investment in the sector will contribute to the restoration of ecosystems, market stability and community welfare.
CAF structured its strategy around three main objectives: to strengthen food security through sustainable systems, promote rural development with better infrastructure and opportunities for family farming, and promote environmental sustainability with resilient and low-emission agricultural practices.
At the event, ministers of agriculture from different countries shared their vision of the future of the sector. They also explained that CAF’s mission is to boost agricultural prosperity by supporting the transformation of the sector, with a focus on financing actions along the entire value chain and food security.
Christian Asinelli, CAF’s Vice President for Strategic Programming, closed the event by reaffirming the institution’s commitment to agricultural transformation. He stressed that the strategy presented seeks to generate greater returns for countries through collaboration with the private sector and the development of innovative financial instruments.
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