Corporacion Andina de Fomento (CAF), a Latin American development bank, is on track to lend over USD 14 bln this year and is looking to welcome new members from Europe, the Middle East, and Asia to support new initiatives. While these potential new members might secure a considerable stake in the bank, control will remain with Latin American nations. Interestingly, the US historically channels its funding to Latin America via the World Bank or the IDB, thereby not holding sway over CAF. Recently, CAF facilitated Argentina in settling a portion of its USD 44 bln obligations with the IMF, providing a short-term USD 1 bln loan, and was repaid by the IMF in SDRs, which CAF is now allowed to hold.