FILE PHOTO: A man walks past the corporate logo of the Development Bank of Latin America (CAF) at its headquarters in Caracas, Venezuela, December 22, 2015.REUTERS/Carlos Garcia Rawlins/File Photo
NEW YORK (Reuters) -The development bank for Latin America and the Caribbean will channel $5 billion in the next five years toward projects that help children, part of a wider U.N. campaign to ensure that financial investments do not harm the world’s youth.
The commitment marks the most ambitious child-focused finance plan launched by a multilateral lender to date and comes as countries slash development aid globally.
