On the International Day for the Eradication of Poverty, CAF formally joined the Global Alliance against Hunger and Poverty, an initiative proposed by Brazil during its G20 Presidency, aimed at establishing an international union to combat hunger and poverty worldwide. The announcement was made today by the Executive President of the Institution, Sergio Díaz-Granados, who participated virtually in the event "Reimagining Solutions for Poverty," held in New York in collaboration with UNDP (United Nations Development Programme). The Minister of Development and Social Assistance, Family, and Fight Against Hunger, Wellington Dias, was also present.

CAF is the first multilateral financial institution to join the Alliance and, in doing so, commits to making its best efforts to improve the allocation, assignment, and alignment of its resources, including through the coordination and cooperation facilitated by the Global Alliance, to support member countries in the implementation, improvement, or expansion of the execution of selected programs or policy instruments in the Alliance's reference framework, with the aim of boosting the fight against hunger and poverty in accordance with sustainable financing and implementation strategies led by the countries.

"CAF is ready to act as a regional voice for the Global Alliance, advocating for Latin American and Caribbean solutions to the global challenges of hunger and poverty. We are committed to working closely with the governments of our member countries, including Brazil, to ensure that these initiatives are impactful and aligned with the strategic priorities of each government," stated Díaz-Granados.

In recent years, CAF has allocated approximately USD 1.6 billion to initiatives that directly contribute to the fight against hunger and poverty. Our actions have focused on critical areas such as reducing malnutrition, social protection systems, and sustainable rural development. We have also increased investments in sustainable infrastructure and climate-resilient agriculture, essential for promoting food security and economic opportunities for vulnerable communities.

In the adhesion document, the institution acknowledges that hunger and poverty remain persistent challenges for humanity, which must be addressed through comprehensive and integrated approaches. Therefore, our bank remains committed to aligning its efforts with these specific needs in our region, offering our member countries customized solutions to address their development needs and challenges, including financial services, knowledge, and technical assistance.

Global Alliance

The mission of the Global Alliance will be, from its launch until 2030, to support and accelerate efforts to eradicate hunger and poverty, SDGs 1 and 2. Additionally, it will seek to reduce inequalities and contribute to revitalizing global partnerships for sustainable development and achieving other interconnected SDGs, advocating for sustainable, inclusive, and just transition pathways. The Alliance is open to governments, international organizations, knowledge institutions, funds and development banks, and philanthropic foundations.