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Home GCC KUWAIT

CAF and KFAED will co-finance food security, energy, education, and infrastructure initiatives in Latin America

Abdel Nour Hamza by Abdel Nour Hamza
March 9, 2024
in GCC, KUWAIT
Reading Time: 2 mins read
0
CAF and KFAED will co-finance food security, energy, education, and infrastructure initiatives in Latin America

The two organizations signed a Memorandum of Understanding to promote the co-financing of initiatives for sustainable development in Latin America and the Caribbean in strategic sectors such as infrastructure, water, health, education, food security, and energy.

The Kuwait Fund for Arab Economic Development (KFAED) and CAF, Development Bank of Latin America, signed an agreement to strengthen collaboration in development cooperation and catalyze additional resources that will enable the institutions to maximize the impact of their operations, generating greater added value for the countries of the region.

This agreement will contribute to the development of joint projects aimed at the development of Latin America and the Caribbean in the sectors of transportation and communications infrastructure, clean energy, health, water and sanitation, food security, and education. The document signed today will facilitate access to additional resources in the form of co-financing for operations and initiatives that integrate the strategic objectives of CAF and the Kuwait Fund.

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Abdel Nour Hamza

Abdel Nour Hamza

Section Editor of Latin & Gulf Journalist since 2009 Abdel @ latingulf.ae

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