Corporación Andina de Fomento (2024 SEC Filing)

Date issued: Jan. 17 2024

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TURBOFAC Commentary (450 words)

Notes:

1) For relevant background, see Corporación Andina de Fomento (2018-2021 SEC Filings), and comments thereto. This 2024 filing adds the following substantive paragraph to the OFAC-related section that had appeared in many years' prior SEC filings.

When appropriate, CAF consults with OFAC regarding its activities related to Venezuela and believes that CAF is in compliance with U.S. sanctions, to the extent CAF is subject to U.S. jurisdiction. CAF understands that any repurchase of securities of Venezuela under the Support Program should not be affected by sanctions or risk direct or indirect violations of sanctions. Should the repurchase of shares of Venezuela under the Support Program be considered subject to U.S. jurisdiction, CAF believes that the authorization at 31 CFR §591.510 of the VSR (Official business of certain international organizations and entities) may be available to...