Panama joins the CAF
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.
Tuesday, July 22, 2008
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.
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.
The announcement was made by Enrique García, president of CAF, the Andean Development Corporation, while visiting the country.
The Andean Development Corporation (CAF) is offering the country a credit line for $1 billion, in order to fund infrastructure projects.
The Andean Development Corporation granted the loan to "strengthen foreign trade" in the country, the multilateral organization reported today in a release.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar