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Corporación Andina de Fomento L. Enrique García President and CEO Corporación Andina de Fomento

Corporación Andina de Fomento L. Enrique García President and CEO Corporación Andina de Fomento October 2008. Corporación Andina de Fomento.

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Corporación Andina de Fomento L. Enrique García President and CEO Corporación Andina de Fomento

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  1. Corporación Andina de Fomento L. Enrique GarcíaPresident and CEO Corporación Andina de Fomento October 2008

  2. Corporación Andina de Fomento • CAF is a Latin American multilateral financial institution which provides multiple financial services to public and private sector clients in the shareholder countries. • CAF is a competitive and versatile institution, both regionally and globally. • In operation since 1970, its headquarters are located in Caracas, Venezuela, with regional offices in Bogotá, Quito, Lima, La Paz, Madrid, Brasilia and Buenos Aires.

  3. CAF’s Shareholders 2008 • Bolivia • Colombia • Ecuador • Peru • Venezuela • Panama • Paraguay • Dominican Rep. • Trinidad & Tobago • Uruguay • Argentina • Brazil • Costa Rica • Chile • Jamaica • Mexico • Spain • Letter of Intent (Guatemala & Italy)

  4. Pillars of CAF’s mission Sustainable Development Regional Integration

  5. Clients, products and services • Clients: Governments, financial institutions and public or private corporations and joint ventures • Loans • Short, medium and long term • Project finance • Structured finance • Co-financing and A/B loans • Equity investments, especially in Capital Funds • Investment bank and financial advisory services • Guarantees • Treasury products • Technical Cooperation • Strategic programs

  6. CAF in figures (US$ million) 12/31/2007

  7. 37 year summary Total Portfolio (US$ Million) Total Approvals (US$ Million) Total Disbursements (US$ Million)

  8. Last five years of operations Total Portfolio (US$ Million) Total Approvals (US$ Million) Total Disbursements (US$ Million)

  9. Loan portfolio distribution 2007: Loan portfolio by country

  10. Loan portfolio distribution 2007: Loan portfolio by sector Corporate sector 5% Financial intermediation* 18% Economic infrastructure 27% Infrastructure 39% Social development 25% Integration infrastructure 12% Structural reforms 13% * Intermediation toward SMEs through the financial system.

  11. Main source of multilateral financing for the Andean region... 2007 Approvals (USD million) 2007 Approvals: USD 7,294 million Approvals 2003-2007: USD 32,638 million

  12. … and principal source of financing infrastructure in Latin America… Approvals infrastructure in Latin America (USD million)

  13. … especially in physical infrastructure of regional integration During the last decade, CAF has approved 56 operations of USD 4.553 million for the execution of 47 South American physical integration projects with a total investment exceeding USD 12.950 million.

  14. Satisfactory financial indicators Profitability (ROE) Asset Quality Efficiency

  15. Consistent and positive evolution of CAF’s credit ratings Argentina Subprime Ecuador Brazil Russia Asia México Aa3/AA- A1/A+ A2/A A3/A- Baa1/BBB+ Baa2/BBB Economic crisis Baa3/BBB-

  16. AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- BB+ BB BB- B+ B B- CCC+ CCC CCC- n.a. CC n.a.. n.a. C n.a. S.D BB+ BB BB- B+ B B- CCC+ CCC CCC- n.a. CC n.a.. n.a. C n.a. DDD CAF’s investment grade ratings Scale Investment grade AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- Aaa Aa1 Aa2 Aa3 A1 A2 A3 Baa1 Baa2 Baa3 1 2 3 4 Chile CAF Chile Chile Trinidad & Tobago Mexico / Trinidad & Tobago Mexico Colombia/Peru Peru Brazil/Panama Brazil/ Pan/Colombia Ba1 Ba2 Ba3 B1 B2 B3 Caa1 Caa2 Caa3 n.a. Ca n.a.. n.a. C n.a. Colombia/C.R/Pan/Brazil/Peru Costa Rica Costa R./Guatemala/Uruguay Guatemala 5 Venezuela/ Uruguay Venezuela Non-investment grade Jamaica Rep.Dom. Jamaica/Uruguay Rep. Dom./Argentina Jamaica/Paraguay/Argentina Venezuela/Rep. D/Paraguay 6 /Argentina/ Ecuador Bolivia Bolivia Bolivia/Ecuador Ecuador 7 8 9 10

  17. CAF’s special programs Infrastructure Agenda • IIRSA • Puebla-Panamá Plan (PPP) • First- Class Ports Program • Cross-border Integration and development Program Competitiveness, international insertion and public policies Agenda • Competitiveness Program (PAC) • Corporate Governance Program • Economic and Public Policy Research Program • MSMEs • International Insertion Program Social Development Agenda • Potable water and sanitation • Education • Rural development • Habitat • Social responsibility • Governance Environmental Agenda • Latin America Carbon and Clean Energy Program (PLAC) • Cleaner Production Program (CPP) • Biodiversity Program (BioCAF) • Natural disaster risk management and prevention Program • Program for Sustainable Development in Financial Institutions

  18. http://www.caf.com

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