From the Amazon to the Andes, from the Caribbean to Patagonia - the 33 countries in the Latin America and Caribbean region differ greatly in terms of their geography, politics and economy. But they also have much in common, starting with language, culture and history. The region harbours great economic potential and many countries have already reached a middle income level by global standards, but this is more unevenly distributed than anywhere else in the world. The economies are often dependent on raw materials and domestic value creation is low. The COVID-19 pandemic has reversed progress and has particularly affected the poor in the region.
At the same time, Latin America and the Caribbean harbour diverse natural resources. They are characterised by a high level of biodiversity and species diversity. The Amazon rainforest is of global importance for climate protection and biodiversity. However, the consequences of climate change, such as the melting of glaciers or the increase in hurricanes in the Caribbean, are threatening growth and prosperity in the region.
KfW supports the partner countries Bolivia, Brazil, Ecuador, Colombia, Mexico and Peru as well as regional organisations in Central America and the Caribbean. It promotes the protection of the environment, climate and tropical forests as well as the use of renewable energies. KfW provides funds for climate-friendly means of transport in growing cities and for the supply of drinking water.
KfW Development Bank’s 2022 commitments for the Latin America/Caribbean region amounted to EUR 1.15 billion.