CAF Invests USD 2.5 billion in blue economy in Latin America and the Caribbean

The Development Bank of Latin America and the Caribbean (CAF) announced an investment of USD 2.5 billion to strengthen the sustainable blue economy in the region through 2030. The measure, presented during the Blue Economy and Finance Forum (BEFF) in Monaco, aims to preserve marine ecosystems, promote responsible tourism, support artisanal fishing, and develop clean technologies. This amount doubles the commitment made at the Lisbon Conference in 2022, consolidating CAF as the leading multilateral institution in blue financing.

The funds will be allocated to key projects such as coastal management, marine ecosystem restoration, decarbonization of maritime transport, ocean renewable energy, and technological innovation. CAF's strategy is based on four pillars: financing through instruments such as blue bonds and debt-for-nature swaps, regional blue diplomacy, capacity building, and generating local value with a community-based approach.

Between 2022 and 2025, CAF has already disbursed USD 1.32 billion across 17 credit operations and 18 technical cooperation initiatives in this field, benefiting 16 countries. With this new investment, the institution reaffirms its commitment to the sustainable development of oceans and the well-being of coastal communities in Latin America and the Caribbean.

Ecuador is one of the countries benefiting from this strategy. CAF has approved projects including the protection of the Eastern Tropical Pacific Marine Corridor, a region shared by Ecuador, Colombia, Costa Rica, and Panama, which generates approximately USD 3 billion annually, primarily from fishing, tourism, and maritime transport. CAF has allocated USD 1 million to implement joint strategies in this area.

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