The Development Bank of Latin America (CAF) and UNOPS have signed a mutual cooperation agreement to exchange knowledge and best practice in sustainable infrastructure projects, project management, public procurement efficiency, climate change mitigation and more.
The agreement also lays the foundation for both organizations to provide countries with technical assistance in their respective areas of expertise.
The growth of Latin America in recent years can be seen in the increasing demand for infrastructure services in the region. The sustainability standards promoted by this agreement are needed to enhance the positive impacts and mitigate any undesired effects of infrastructure projects.
At the recent signing ceremony in Panama City, the Executive President of CAF, Enrique García said: "Latin American countries receive support from CAF to create a comprehensive development agenda in order to achieve quality growth that is inclusive, generates jobs and respects cultural diversity and the environment. This agreement with UNOPS will help us to devise joint strategies that will ensure the sustainability of every project."
UNOPS Regional Director for Latin America and the Caribbean, María Noel Vaeza said: "Both institutions share the comprehensive vision of infrastructure as a fundamental element of substantive and sustainable development and as a way of reducing inequality in the region. This agreement will help us to assist governments and contribute to a greater integration of international sustainability standards – social, environmental and economical – in public policies and development projects throughout the region."
The agreement, which covers Latin America and the Caribbean, has a two-year duration, subject to renewal.
The Development Bank of Latin America aims to promote sustainable development and regional integration by financing public and private sector projects, providing technical cooperation and other specialized services. Established in 1970, the institution currently consists of 18 countries – 16 from Latin America and the Caribbean, along with Spain and Portugal – as well as 14 private banks. CAF is one of the main sources of multilateral funding and an important source of knowledge for the region. More information can be found at
UNOPS is mandated as a central resource for infrastructure projects in the United Nations system. UNOPS also offers project management, procurement and other support services to United Nations organizations, as well as international financial institutions, governments, civil society and the private sector. Read more about UNOPS work in sustainable infrastructure