CAF and ECLAC seek to strengthen the Latin American economy

Both institutions signed a memorandum of understanding in order to promote Latin America and the Caribbean

The Development Bank of Latin America (CAF) and the United Nations Economic Commission for Latin America and the Caribbean (Cepal) signed a Memorandum of Understanding with the aim of strengthening cooperation between both organizations and promoting development and economic recovery and sustainable development of Latin America and the Caribbean.

The signing took place within the framework of the CLXXVII CAF board meeting, which is taking place this week in Santiago de Chile. The president of the entity, Sergio Díaz-Granados, stressed that both organizations seek the social and economic development of the region and with this agreement they seek to “strengthen” cooperation to carry out initiatives “that benefit the entire region.”

For his part, the executive secretary of ECLAC, José Manuel Salazar, stressed that this search for synergies occurs at a time when the region is being “hit” by a sequence of crises that is having serious effects on a large part of the region. of the population.

“The situation compels us and both institutions are committed to joining efforts to benefit our region”, he said.

The Memorandum contemplates the exchange of information and knowledge between both organizations, the development of joint events and the development of an Annual CAF-Cepal Conference, as well as the implementation of research activities and collective publications or the organization of training experiences.

Source: dpa

(Reference image source: file)

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