IDB Group, CAF reaffirm cooperation to boost Peru's economic development

Photo: Ministry of Economy and Finance of Peru

Photo: Ministry of Economy and Finance of Peru

10:10 | Lima, Aug. 26.

As a sign of international confidence in Peru's future, representatives of the Inter-American Development Bank (IDB) Group and the Development Bank of Latin America and the Caribbean (CAF) reaffirmed to the Ministry of Economy and Finance (MEF) that they will continue their financial cooperation efforts to promote economic development, public investment with a high social impact, and technical collaboration during the 2026-2031 five-year period.

Economy and Finance Minister Elmer Cuba met with CAF Executive President Sergio Diaz-Granados, who expressed his backing and firm intention to support the Government's priorities.

In this regard, it was agreed to coordinate efforts to promote the financing and advancement of strategic investment projects in citizen security, transportation, tourism, and nationwide natural gas distribution infrastructure.

Likewise, CAF offered to continue materializing financial and technical assistance aimed at strengthening prevention and mitigation measures in response to El Niño phenomenon.

In parallel, Minister Elmer Cuba held a working meeting with an IDB Group delegation led by 
Miguel Coronado, General Manager of the Regional Country Department Andean Group.

At the meeting, the strategic work plan to be implemented by the multilateral organization in Peru was addressed. 

It includes the approval and execution of eight new financing operations, as well as the coordination of additional financial support to address climate emergencies.


As a sign of the close relationship and Peru's climate of macroeconomic certainty, the IDB delegation announced the upcoming arrival in the country of its Vice President for Countries and Regional Integration, Anabel Gonzalez, to define strategic cooperation priorities and promote public-private coordination mechanisms.

Regarding both meetings, Cuba noted that the multilateral banks' firm support for the Peruvian Government, led by President Keiko Fujimori, will strengthen the Executive Branch's capacity to boost investment and ensure the country's stability and sustainability.

(END) NDP/CNA/MVB

Publicado: 26/8/2026