La Moncloa. 26/05/2022. Ministry of Economic Affairs and CAF-Development Bank of Latin America to promote financial education [Government/News]

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The aim is to aid Spain and Latin American and Caribbean international locations in building and implementing nationwide procedures similar to money training.

Bearing in thoughts that the aforementioned Ministry is section of the team of promoters of the Spanish Financial Schooling Approach (PEF), with each other with the Lender of Spain and the Countrywide Securities Market place Commission, the textual content signed by the two institutions demonstrates their fascination in doing the job collectively to deal with the problem of fiscal and electronic literacy amongst the aged, gals and the rural inhabitants, and to avoid them from currently being excluded from the economical method owing to their small digital expertise. To this end, they will establish a pilot programme to recognize this dilemma and find alternatives.

The Very first Vice-President of the Government of Spain reaffirmed Spain’s determination and ties with the CAF and Latin America to “endorse a extra sustainable economic restoration and progress from a money, environmental and social place of perspective”.

“Strengthening fiscal inclusion in the region is a basic aspect of boosting economic development and the perfectly-staying of the inhabitants. To this end, we have signed this settlement with the Governing administration of Spain, which will make it possible for us to further endorse our work in financial and monetary education and learning, largely in the most susceptible sectors,” mentioned Sergio Díaz-Granados.

20th anniversary of Spain as a shareholder of CAF

Spain celebrates 20 decades as a shareholder of CAF with an agenda centered on supporting the internationalisation of Spanish firms, channelling new fiscal resources to the area, and increasing cooperation in various parts of Latin American improvement, this kind of as vitality changeover, sustainability, digitalisation and the fight versus local climate adjust.

Amongst the occasions marking the anniversary, the CAF Conference “Europe – Latin America Relations” was held these days in Madrid, inaugurated by Díaz-Granados and the Secretary of Condition for Economic climate and Business Assistance, Gonzalo García Andrés, a conference location to replicate on the state of the transatlantic connection and potential prospects and difficulties.

CAF has designed projects that have contributed to regional integration to the implementation of the Clear Development Mechanism to the granting of a mortgage (2013) for 300 million dollars in favour of the Formal Credit rating Institute (ICO) to tackle the liquidity shortage in the Spanish monetary sector and to the equity financial investment of 1.6 million pounds in the Spanish Advancement Finance Company (COFIDES), between some others.

In addition, CAF has designed platforms and areas for dialogue to advertise exchanges amongst Spain and Latin The us and the Caribbean and to endorse existing options in the area.

The mission of CAF (Development Lender of Latin The usa) is to endorse sustainable development and regional integration via the financing of community and personal sector assignments and the provision of specialized cooperation and other specialised companies. Recognized in 1970 and at the moment comprising 20 countries – 18 from Latin The united states and the Caribbean, collectively with Spain and Portugal – and 13 personal banks, it is a single of the major resources of multilateral funding and an significant generator of understanding for the region.

Non official translation