Corporación Andina de Fomento (original) (raw)

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Banco de Desarrollo de América Latina y el Caribe

[ [Corporación Andina de Fomento] ](../images/i/int-can-bdalc2.jpg)
image located by Esteban Rivera, 16 September 2025

Overview
The Flag

See also:

Overview

The "Banco de Desarrollo de América 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 Inversión 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), Corporación Financiera Colombiana S.A. (Colombia), Corporación Financiera Nacional (Ecuador), Banco Central del Ecuador (Ecuador) , Banco Guayaquil (Ecuador) , Banco del Pacífico S.A. (Ecuador), Corporación Financiera de Desarrollo (Peru) (official website: https://www.cofide.com.pe/ ), Banco de Crédito del Perú (Peru) (official website: https://www.viabcp.com/ ), BBVA Banco Continental (Peru) (official website: https://www.bbva.pe/ ), Scotiabank Perú S.A.A. (Peru) (official website: https://www.scotiabank.com.pe/ ), Banco Internacional del Perú 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 Económico 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/ ), Corporación de Fomento de la Producción (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 "Corporación 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

The Flag

[ [Corporación 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 Lequernaqué, 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