Last modified: 2025-11-08 by 
zachary harden
Keywords: international organization | corporaci愠n andina de fomento |
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![[Corporaci贸n Andina de Fomento]](../images/i/int-can-bdalc2.jpg)
image located by Esteban Rivera, 16 September 2025
See also:
The "Banco de Desarrollo de Am茅rica Latina y el Caribe" (English:
Development Bank of Latin America and the Caribbean) is a
multilateral organization composed of 18 Latin American and Caribbean
countries, as well as Spain, Portugal and 13 private Latin American
banks to promote sustainable development, as follows:
Argentina, Barbados, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Ecuador, Spain, Jamaica, Mexico, Panama, Paraguay, Peru, Portugal, Trinidad and Tobago, Uruguay, Venezuela, Banco de Inversi贸n y
Comercio Exterior S.A (Argentina), Banco Central de Bolivia, Banco BISA, S.A. (Bolivia)
(official website: https://www.bisa.com/ ), Banco Mercantil- Santa
Cruz S.A. (Bolivia),
Banco DAVIVIENDA S.A. (Colombia), Corporaci贸n Financiera Colombiana S.A.
(Colombia),
Corporaci贸n Financiera Nacional (Ecuador), Banco Central del Ecuador (Ecuador)
, Banco Guayaquil
(Ecuador) , Banco
del Pac铆fico S.A. (Ecuador), Corporaci贸n Financiera de
Desarrollo (Peru) (official website: https://www.cofide.com.pe/ ),
Banco de Cr茅dito del Per煤 (Peru) (official website:
https://www.viabcp.com/ ), BBVA Banco Continental (Peru) (official
website: https://www.bbva.pe/ ), Scotiabank Per煤 S.A.A. (Peru)
(official website: https://www.scotiabank.com.pe/ ), Banco
Internacional del Per煤 S.A.A. (Peru) (official website:
https://interbank.pe/ ), Banco Central de Trinidad y Tobago (official
website: https://www.central-bank.org.tt/ ), Banco Central del Uruguay
(official website: https://www.bcu.gub.uy/ ), Banco de Desarrollo
Econ贸mico y
Social (BANDES) (Venezuela) (official website:
http://www.bandes.gob.ve/ ), Banco de Maracaibo (Venezuela), Banco del
Caribe C.A. Banco
Universal (BANCARIBE) (Venezuela) (official website:
https://www.bancaribe.com.ve/ ), Mercantil C.A. Banco Universal
(Venezuela) (official website: https://www.mercantilbanco.com/ ),
Nacional Financiera, S.N.C. (Mexico) (official website:
https://www.nafin.com/portalnf/content/home/home.html ), Banco Central
de Costa Rica (official website: https://www.bccr.fi.cr/ ),
Corporaci贸n de Fomento de la Producci贸n (CORFO) (Chile) (official
website: https://www.corfo.cl/ )
It was established by Bolivia, Chile, Colombia, Ecuador, Peru and Venezuela on February 7, 1968
first as "Corporaci贸n Andina de Fomento, CAF" (English: Andean
Development Corporation)and its headquarters are located in Caracas.
It is the multilateral banking organization of the CAN.
Sources: https://www.caf.com/es/sobre-caf/ ,
https://www.caf.com/es/sobre-caf/quienes-somos/ ,
https://www.caf.com/media/4267016/accionistas-caf.pdf ,
https://www.caf.com/media/3682615/convenio-constitutivo-marzo-2022.pdf
, https://www.comunidadandina.org/quienes-somos/caf-banco-de-desarrollo-de-america-latina/
, https://youtu.be/UZ_VmXxMN2E?list=TLGGBl-4M_M1UPkwODAxMjAyMw ,
https://es.wikipedia.org/wiki/CAF_-_Banco_de_Desarrollo_de_Am%C3%A9rica_Latina_y_el_Caribe
r.
Esteban Rivera, 16 September 2025
![[Corporaci贸n Andina de Fomento]](../images/i/int-can-bdalc.jpg)
image located by Esteban Rivera, 16 September 2025
The current flag was announced on December 9, 2008 in which 300
proposals were submitted and the winner was made by Peruvian Architect
Jaime Augusto Botteri Lequernaqu茅, who was awarded $5,000 USD. The flag
is explained as follows (original in Spanish): "Designed with the
basic colors of the corporate identity - blue, red and white - the
winning flag is composed of nine curved horizontal strips, which start
from both sides and interleave in the third of the fly side, like the
"fingers of a hand," symbolizing union, regional integration,
financial support and sustainability. The use of curved forms
signifies the dynamism of development and the mobilization of funds."
Source:
Esteban Rivera, 16 September 2025
It seems that the "variant" presented here is the current flag of the organization, based on an updated brand color change. According to this article , there was a logo change in 2010 and I assume that is when the color palette was updated from red/white/blue to green/white/blue. The 2023 brand guide gives the following colors here. However, there is no reason why the colors got changed or any symbolism behind the new colors. So I contend with some photos from Facebook that the flag colors changed when the logo changed.
Zachary Harden, 22 October 2025