Latin America and Caribbean Investment Facility LACIF Until 2020, the Latin America (LAIF) and Caribbean (CIF) Facilities have been operating under different budgetary regimes, LAIF under the Development Cooperation Instrument (DCI) and the CIF under the European Development Fund (EDF). This new Facility, LACIF, follows the strategic logic under the new NDICI to merge different financial instruments under the same umbrella. DCI and EDF converge in the new NDICI and this provides the opportunity to combine the two previous facilities in one, taking advantage of shared structures and stakeholders, minimizing administrative transaction costs and adding flexibility to the process of resource allocation, while catering to the unique opportunities and challenges of the two regions. Moreover, action at regional level is particularly relevant to tackle crucial aspects of infrastructure involving networks (transport, energy, water and digital) and regarding cross-border issues (health security, supply chains, migration, etc.). LACIF will continue to boost access to funds from financial institutions, which are supporting key investments for sustainable inclusive infrastructure development with a focus on climate change, as well as rights and gender responsive private sector development in the region contributing substantially to poverty alleviation throughout the continent.European financial institutions were key partners of LAIF and CIF, an important factor for the success of the Facilities was the participation of the regional Latin American and Caribbean financial institutions, more prominently the Inter-American Development Bank (IDB), the Latin American Development Bank (CAF), the Central American Bank for Economic Integration (CABEI) and the Caribbean Development Bank (CDB), acting as co-lead implementers for many operations. This resulted in a stronger and more strategic partnership between European and Latin American financial institutions.