The Andean Development Corporation (CAF) recently announced the incorporation of Honduras and the Dominican Republic as member countries of the organization.
Alfonso Lomba, partner of our office in the Dominican Republic, expressed that the admission of the country, together with Honduras, as members of CAF is a significant milestone that testifies to the continued commitment to sustainable development and international cooperation. Likewise, Jesús Humberto Medina Alva, partner for Honduras, commented that his country’s membership implies, among other things, strengthening its regional presence and accessing sources of financing for the development of Honduras.
Benefits for the Dominican Republic:
As a CAF member, the Dominican Republic will benefit from:
Access to financial resources for large-scale development projects.
Opportunities for collaboration in international cooperation projects.
An additional multilateral financing option
Improved commercial and diplomatic relations with CAF member countries.
Benefits for Honduras
As a CAF member, Honduras will benefit from:
Access to financial resources
Relations with other countries
Access to financing for the country’s development in infrastructure, trade, investment and the business sector.
Role of CENTRAL LAW
As a law firm committed to excellence and progress in the region, CENTRAL LAW is prepared to offer high quality legal advice in matters related to the new opportunities that this event brings.
For further information, please do not hesitate to contact us at info@central-law.com.
