$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.

From the article published in laestrella.com.pa: "The program will be executed by the National Environment Authority (ANAM), with the objective of identifying and developing agricultural-environmental and renewable energy projects".

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Panama: $1 Billion from CAF

October 2009

The Andean Development Corporation (CAF) is offering the country a credit line for $1 billion, in order to fund infrastructure projects.

This credit line is for the next five years, reported Omar Castillo, budget director at the Ministry of Economy.

Manuel Luna writes for Laestrella.com.pa: "CAF has already disbursed $54 million for the Metro Secretary.

CAF to loan $400 million for the Panama Canal

October 2008

The Andean Development Corporation approved a $400 million loan for the expansion of the Panama Canal.

The money is part of a $2.3 billion package that the Panama Canal Authority expects to get from 5 lenders, including the IDB and the Bank of Japan for International Cooperation.

Guatemala to join the Corporación Andina de Fomento

July 2008

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.

Mexico and Costa Rica have been partners for several years. Shareholder companies must contribute capital reserves, and the corporation currently has 4.5 bilion dollars 2.865 billion euros) of share capital.

Panama joins the CAF

July 2008

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.

This, together with the 25 million dollars it invested in 1997, will bring its total investment to 195 million dollars, as well as guarantee capital of an additional 36 million dollars.

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