Madrid, 17th June 2011. COFIDES and CAF sign a partnership agreement in order to strengthen cooperation as a means of promoting their financial services and cofinancing private projects involving both Spanish interest and beneficial effects on the host countries.

Under that agreement, activities and seminars will be held to promote instruments and services offered by both institutions in Latin America.

Furthermore, COFIDES and CAF will provide financial support jointly to ensure success of the international investment projects developed by companies, especially SMEs, in CAF shareholder countries. The agreement is based on financial complementarity between both institutions. Thus, COFIDES and CAF will jointly finance private sector investment projects with their own financial products.

> CAF - Andean Development Corporation -

CAF is a development bank established in 1970 that promotes sustainable development and regional integration through efficient resource mobilization for the timely delivery of multiple, high added value financial services to public and private clients in its shareholder countries.

The organization promotes a model of sustainable development through credit operations, grants and technical support, and offers financial structuring to public and private sector projects in Latin America.