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Latin America seeks to strengthen relations with Africa

Jorge Arbache e Prof. João Bosco Monte

The President of the Brazil Africa Institute (IBRAF), Prof. João Bosco Monte, and the Vice President for Private Sector of the Development Bank of Latin America – CAF, Jorge Arbache, met on Wednesday, 16, at the CAF’s office in Lima, Peru, to discuss opportunities for investments and to deepen relations between Latin America and Africa.

Jorge Arbache and Prof. João Bosco Monte

During the meeting the similarities between the two organizations – both aim to promote sustainable development and regional integration – and strategies to strengthen the relationship between the two continents were addressed.

CAF considers that IBRAF’s experience can facilitate the identification of possible investments for Latin American countries in the African continent. “We have a long way to go to deepen our relationship with Africa and have strategic allies as IBRAF allows us to move forward in identifying investment opportunities and cooperation between the public and private sectors” says Jorge Arbache.

The President of the Brazil Africa Institute highlights the strengthening of the partnership with CAF. “Since the agreement we signed in 2016, we have made a joint effort to deepen relations between Latin America and Africa” says Prof. João Bosco Monte.