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UN Women and CAF agree to strengthen gender equality

UN Women and CAF agree to strengthen gender equality

Madrid, Feb 1 (Prensa Latina) The Development Bank of Latin America (CAF) and UN Women signed a Memorandum of Understanding to strengthen gender equality, it was reported here today.
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The text, according to a press release from both parties, also covers diversity and social inclusion through public policies, investment projects and technical advice in favor of women and girls in the region.

Sergio Díaz-Granados, executive president of CAF, commented that “the empowerment of women in Latin America and the Caribbean is one of our priorities; therefore, we are pleased to sign this memorandum of understanding with UN Women to work together for a better future for the region”.

The agreement includes a joint work agenda in four main areas: including a gender equality approach in the investments and loans that CAF provides to the public and private sector; providing technical assistance to the public and private sector to accompany loans; and promoting results in gender equality and women’s empowerment.

It will also annually recognize public and private sector actors that demonstrate real commitment and concrete results by allocating resources and financing projects related to women; and the inclusion of good gender practices within CAF.

Sima Bahous, Executive Director of UN Women, considered that financing for gender equality is a central part of development, regional banks such as CAF are leading innovative financing and investments in sustainable development.

This partnership will help new initiatives to empower gender equality and the achievement of the Sustainable Development Goals (SDGs) in Latin America.

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