Washington D.C., April 13th 2021- CAF – Development Bank of Latin America joins the SME Finance Forum as the newest member of our global membership network. Our members are SME Financing experts from 80+ countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
“When we started in 2012, we were in an exploratory phase for the first few years. Since 2016, we’ve been implementing our mission to build a global membership to support better SME financing, and since then, we’ve established a network with over 220 active member institutions, which operate in over 190 countries sharing the common purpose of helping under-served enterprises. We are delighted to welcome CAF to further grow our mission.” said Matthew Gamser, CEO of the SME Finance Forum.
CAF is diligently promoting a sustainable development model through credit, non-refundable resources, and support in the technical and financial structuring of projects in Latin America. This development bank also provides sustainable finance and supports the modernization of institutions in the whole region to optimize the long-term development of Latin America and enhance the quality of vulnerable population's life.
“We are convinced that our work is a means to improve the quality of life for Latin American people. Thus, we constantly try to generate more adequate financing mechanisms for local SMEs and promote the exchange of knowledge at a global level. We believe that being part of the SME Finance Forum enables us to further achieve this goal,” said Jorge Arbache, Vice President of Private Sector at CAF.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
CAF promotes a sustainable development model through credit, non-refundable resources, and support in the technical and financial structuring of projects in the public and private sectors in Latin America. Established in 1970 and currently made up of 19 countries – 17 from Latin America and the Caribbean, together with Spain and Portugal – and 13 private banks, it is one of the main sources of multilateral financing and an important generator of knowledge for the region.
Read more info at https://www.caf.com/en/