CAF Promotes Reading Across Latin America

Why this is here: CAF supported book fairs in seven cities—Bogotá, Buenos Aires, Madrid, Guatemala, La Paz, Panama, and Caracas—to promote reading and cultural exchange.
CAF, a development bank for Latin America and the Caribbean, recently held 130 events at the Buenos Aires International Book Fair. The bank views cultural and educational initiatives as essential to regional development, alongside investments in infrastructure.
A 2022 PISA report shows Latin American countries lag behind the global average in reading comprehension. In 2023, roughly 56% of ten-year-olds in Latin America and the Caribbean could not read or understand a simple text.
CAF launched the Book, Reading, and Writing Promotion Program in 2024. This program partners with organizations like the Ibero-American Organization and the Gabriel García Márquez Foundation. CAF supported book fairs in cities including Bogotá, Madrid, and Caracas, fostering dialogue on topics from cultural industries to digital platforms.
The bank acknowledges that building human capital begins early. It requires consistent effort in neighborhood libraries and annual book fairs. Further work remains to address socioeconomic and gender gaps in literacy across the region.
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