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3 clusters · 13 sources · 7 days · First seen · Last updated

CAF digital transformation investment in Latin America

Overview

The Development Bank of Latin America and the Caribbean (CAF) has announced a plan to invest $12 billion into digital transformation projects across the region over the next five years. This initiative is part of the bank’s Digital Transformation Agenda, which seeks to double previous financing levels by 2031.

During the International Forum ‘Digitalize to Transform’ in Santiago, Chile, CAF Executive President Sergio Díaz-Granados called for political, social, and business leaders to establish a unified regional position. He emphasized that coordination is necessary for Latin American and Caribbean nations to influence global rules regarding artificial intelligence, data governance, computing access, standards, employment, and security, rather than acting as “passive consumers of new technologies.”

CAF intends to serve as a connector to facilitate knowledge sharing and dialogue, helping the region navigate shifts affecting productivity, labor markets, and institutional structures. The bank also plans to collaborate with the private sector and financial allies to mobilize additional resources.

Entities

Sergio Díaz-Granados · CAF · Cofide · José Sarmiento · CAF - Development Bank of Latin America and the Caribbean

Timeline

  1. 2 days ago

    [BUSINESS] 2 sources
    COFIDE and CAF announce major shifts in development and digital financing

    COFIDE is transforming into a development bank to boost Peruvian infrastructure and MSME financing, while CAF pledges over USD 12 billion to drive digital transformation across Latin America and the Caribbean.

  2. 4 days ago

    [BUSINESS] 3 sources
    CAF calls for regional digital transformation strategy

    CAF Executive President Sergio Díaz-Granados called for regional cooperation in Latin America and the Caribbean to manage AI and digital transformation, pledging USD 12 billion over five years for such projects

  3. 8 days ago

    [BUSINESS] 8 sources
    CAF to invest $12 billion in Latin American digital transformation

    CAF will invest $12 billion in digital transformation projects across Latin America and the Caribbean over the next five years to foster regional coordination in AI and technology.

Sources

altavoz.pe · capital.es · diarioellibertador.com.ar · estrategia-sustentable.com.mx · mire.gob.pa · montecristinoticias.com · newsmillenium.com · noticiasaldiayalahora.co · opiniondelpueblo.com · periodicoequilibrium.com · proclamadelcauca.com · republica.com · volavi.co