The region must develop a comprehensive vision in order to ensure the productivity of resources for investment in infrastructure, including in the public and private sector, and one which is long term.
A statement from the CAF reads:
Under the premise that quality infrastructure is a key factor for the development of more inclusive and competitive societies, the CAF - Development Bank of Latin America- presented in the Iberomamerican summit of Heads of State in the city of Panama a diagnostic document entitled Ideal: Infrastructure in the the Development of Latin America.
The high level of liquidity in the Panamanian stock market will make it easy to issue securities from the Banco de Desarrollo de América Latina (CAF).
Capital.com.pa reports that "... according to the Development Bank representative of the Development Bank of Latin America (CAF) in Panama, Susana Pinilla, although the agency has made bond issues in key international markets such as Japan and Europe it can not rule out the possibility that at some point it will issue securities in Panama, taking into account its growing development as a regional financial market. "
The announcement was made by Enrique García, president of CAF, the Andean Development Corporation, while visiting the country.
From the Presidency of Panama: "With the installation of this office in Panama, CAF's financial and technical support for our country will increase. It will also be a complement for the International Banking Center".
Corporación Andina de Fomento approved loans to invest in road infrastructure and the restoration of hydrographic basins.
One of the loans granted by Corporación Andina de Fomento (CAF) for $71.3 million is distributed in the following way: $18.4 million for the "Investment Program for the Restoration of Priority Hydrographic Basins" and $52.9 million for the "Mass Transportation System for the City of Panama" project.
To continue to grow and not stagnate, Latin America needs foreign investment in an amount ranging from 5% to 6% of the GDP in the region. It is $200 billion, a figure too large for the current scope of these credit institutions.
The Andean Development Corporation (CAF) has approved a credit line of $210 million for medium-term loans for the Bank of Panama.
The agreement, signed by the Andean Development Corporation, the Bank of Panama and the Panamanian Ministry of the Economy, will open the way for the allocation of resources for the strengthening of Panamanian banking.
The Andean Development Corporation announced a US$5.5 million loan for the construction of a bridge over the Sixaola river, which forms the border between Panama and Costa Rica.
The 260-meters bridge will replace a railway link that has fallen into a serious state of disrepair, the corporation said from its headquarters in Caracas.
The loan is in addition to a US$7.9 million credit that the corporation had granted Costa Rica for the projects.
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