The Corporacion Andina de Fomento (CAF) – Banco de Desarrollo de América Latina (Portuguese: Corporação Andina de Fomento (CAF) – Banco de Desenvolvimento da América Latina, English: Andean Development Corporation – Development Bank of Latin America), is a development bank that has a mission of stimulating sustainable development and regional integration by financing projects in the public and private sectors in Latin America, and providing technical cooperation and other specialized services. Founded in 1970 and currently with 18 member countries from Latin America, the Caribbean, and Europe along with 14 private banks, CAF is one of the main sources of multilateral financing and an important generator of knowledge for the region.[2]