This report covers the third and fourth years of LAIF operations (2013 and 2014). For CIF, it covers the period from its launch in March 2013 until the end of 2014. This report amply illustrates how LAIF and CIF mobilize millions of euro of credits and investment funding in crucial infrastructure projects, which are hard to finance on commercial terms. Inadequate or non-existent infrastructures are a major bottleneck, holding back Latin American and Caribbean countries in their quest to promote economic development and raise living standards.
Source: https://ec.europa.eu/europeaid/2013-2014-operational-report-latin-american-investment-facility-laif-and-caribbean-investment_en