CAF issues its first Nutrition Bond for Latin America
CAF, Development Bank of Latin America, together with Daiwa Securities Group, carried out its first thematic placement of bonds specifically aimed at financing nutrition programmes. The bonds, for a total of 20 billion yen (approximately 183 million dollars), have a term of 7 years.
"This type of thematic bonds are fundamental to promote initiatives that improve the wellbeing of the population, especially children from 0 to 6 years of age, pregnant women, and people with disabilities. With these resources we will strengthen food programmes in Latin America", said Renny López, CAF's Interim Executive President.
The proceeds from the nutrition bonds will be used for various initiatives related to the nutrition agenda, which in Argentina alone have so far benefited 2.9 million children from 0 to 6 years old, pregnant women and the disabled with the Alimentar Card, which is part of the Support Programme for the Argentina National Plan against Hunger.
On the other hand, this type of CAF bond allows Japanese investors to participate in initiatives that improve the well-being of Latin Americans, ensuring access to the basic food basket for the most vulnerable.
