The project involved Storm-7 Consulting liaising with senior officials at CAF offices located in Lima, Peru, in order to create a brand new in-house training course for the development bank. Storm-7 actively worked with CAF to develop a highly comprehensive training course covering the negotiation and documentation of swaps and over-the-counter derivatives. This highly complex area covers a mix of banking, finance, legal, and documentation issues and so the course was developed to comprehensively cover all of these areas in order to train CAF employees.
CAF is a development bank created in 1970, owned by 19 countries - 17 of Latin America and the Caribbean, Spain and Portugal- as well as 13 private banks in the region. It promotes a sustainable development model through credit operations, non-reimbursable resources, and support in the technical and financial structuring of projects in the public and private sectors of Latin America.