Development Bank of Latin America

The Development Bank of Latin America (CAF) established the Partial Credit Guarantee (PCG) program. Through this program, CAF offers different instruments, such as sureties, guarantees and underwritings of fixed income securities to partially take over credit risks of client´s obligations.

PCGs are used to:

• Improve terms for debt issuance and loan ratings
• Secure sovereign risk operations, and non-sovereign operations in selected cases

Primarily infrastructure projects are eligible, but also available for private lending.

CAF member countries.

https://www.caf.com/en/about-caf/what-we-do/products-and-services/partial-guarantees/