Despite facing an adverse international environment with negative repercussions for Latin America, CAF consolidated its position as the Andean countries’ principal source of multilateral finance, the issuer with the region’s best risk rating, and the prime promoter of regional integration through its financing of significant development projects in every one of the shareholder countries. Through a variety of instruments, CAF deepened its support of the countries’ agenda for development in the framework of the two fundamental pillars of its institutional mission: sustainable development and regional integration, while emphasizing competitiveness, governance, environmental management and human development. In 2001, CAF reconfirmed its position as the leading source of financing for the Andean countries, achieving an all-time record of approvals of more than US$3 billion.