CAF to support development of alpaca in Peru's Arequipa

16 Nov '13

2 min read

The Development Bank of Latin America (CAF) has signed an agreement with the regional government of the Southern Peruvian region of Arequipa, in order to promote the private sector for the productive development of various sectors, including textiles and clothing made from alpaca fiber.

According to a statement issued by regional government of Arequipa, the multilateral financial institution’s representative in Peru, Eleonora Silva, signed a technical cooperation agreement with president of the regional government of Arequipa Juan Manuel Guillen, during the Summit of Small and Medium Entrepreneurs (SMEs) 2013, held recently in the region.

The initiative seeks to facilitate a process of creating dynamic competitive advantages in Arequipa by coordinating the work of the national and local governments as well as local stakeholders from the public and private sector around two important areas of textiles and garments made with alpaca fiber and metallurgy.

Ms. Silva said the CAF has developed these types of activities to promote the development and productivity of human capital all well as strengthen competitiveness amongst SMEs. The initiative would lend strong support to SMEs through providing technical assistance and granting financial aids, she added.

The CAF representative said the signing of the cooperation agreement represents the first phase of a much broader involvement of CAF in the development of the Peruvian region by implementing concrete actions to achieve sustainability and competitiveness in SMEs operating in the sector.

On his part, Juan Manuel Guillen, welcomed the initiative from CAF and expressed gratitude stating that the signing of the deal is a strong commitment towards the development of the public and private sector, to help them pursue their efforts towards the goal of developing the region.

Fibre2fashion News Desk - India

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