$28.3 milion for hydrographic basin restoration in Panama
The CAF approved an $18.4 million loan to finance a program aimed to restore the country's hydrographic basins.
Friday, February 6, 2009
The loan by the Andean Development Corporation (CAF) covers 65% of the cost of the program, and the additional resources will be provided by Panama and other participants.
Panama has become a full member of the Corporación Andina de Fomento (CAF), having signed an agreement in which it has agreed to invest 170 million dollars of capital.
The Andean Development Corporation approved a $400 million loan for the expansion of the Panama Canal.
The Andean Development Corporation (CAF) is offering the country a credit line for $1 billion, in order to fund infrastructure projects.
The Corporación Andina de Fomento, a group of partners that provides capital reserves, has announced that Guatemala will be joining as a full shareholder member.
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