Business & Economy

Latin American Economy Ministers at CAF Forum Received by King Felipe VI

Madrid, Sep 13 (EFE).- The ministers of Economy and Finance of Latin American and Caribbean countries attending the meeting of the Development Bank of Latin America (CAF) board in Madrid were received Wednesday by the King of Spain, Felipe VI.

According to the King’s House, the meeting was also attended by the president of the CAF, the Colombian Sergio Díaz-Granados, and the first vice-president and acting Spanish Minister of Economic Affairs, Nadia Calviño.

The CAF held its annual conference in Europe on Wednesday at the Casa de América in Madrid to promote a new investment agenda for the European Union in Latin America, attended by ministers from Peru, Uruguay, Colombia, and the Dominican Republic, among others.

After their stay in Madrid, they plan to attend a meeting in Santiago de Compostela between European, Latin American, and the Caribbean Ministers of Economy, which will be held for the first time, together with representatives of entities such as the Inter-American Development Bank (IDB).

Santiago de Compostela will host the informal meeting of the EU’s Economic and Financial Affairs Council (Ecofin) on September 15 and 16, within the framework of Spain’s rotating presidency of the European Council.

The CAF, whose acronym corresponds to its former name, Corporación Andina de Fomento, was created in 1968 by the Andean countries. It was gradually joined by other Latin American nations, Spain and Portugal.

Headquartered in Caracas, it brings together some twenty countries and private financial institutions to finance public and private sector development projects and promote regional integration in Latin America. EFE


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