A. M. The Development Bank of Latin America and the Caribbean (CAF) approved a US$250 million non-revolving line of credit to partially finance the Sacyr Group’s investment plan for sustainable development projects in the institution’s member countries. This operation is in line with CAF’s strategy of promoting initiatives that generate positive social and environmental impacts in the region.
The funds will be used to implement a wide range of projects, including the construction of sustainable infrastructure, drinking water and basic sanitation works, educational centers and hospitals, as well as initiatives in waste management, circular economy, green business, and financial inclusion.
CAF’s executive president, Sergio Díaz-Granados, said that this line of credit “reinforces our commitment to sustainable development in the region. By supporting Grupo Sacyr, we are promoting environmentally responsible practices through projects that will improve the quality of life of millions of Latin Americans and Caribbean people.
Resources may be implemented through individual loan disbursements, the granting of Partial Credit Guarantees and/or Guarantees, and the purchase of bonds in both local and international issues. This financial flexibility seeks to facilitate the efficient execution of the projects.
With this approval, CAF reaffirms its role as a strategic ally in the financing of key works for the development of Latin America and the Caribbean, contributing to the fulfillment of the Sustainable Development Goals (SDGs) and the strengthening of resilient and inclusive infrastructure.
