The agreement contemplates activities aimed at facilitating collaboration between the private sector, governments, as well as aid agencies and international organizations, among others, to promote investment in programs or projects with a high social impact that will amplify economic development opportunities in the beneficiary countries.

"We are pleased to formalize this agreement, which will promote greater opportunities for economic development and foster the exchange of knowledge and experiences focused on strengthening private sector investment in our countries, as well as supporting an issue of great importance such as migration", said the Bank's Executive President, Dr. Dante Mossi.

In addition, this partnership will facilitate coordination spaces to promote best practices on mechanisms for channeling resources to address the root causes of migration and promote long-term sustainable development in the beneficiary countries.

FAS was created by the Bank in 2020 to promote high social impact projects in member countries, accelerating development in the region; complementing and strengthening the Bank's strategic objectives through activities that contribute to the reduction of extreme poverty.

Translated by: A.M