Guatemala to join the Corporación Andina de Fomento

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.

Tuesday, July 29, 2008

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.
Last week it was announced that Panama was joining as a full member.
One of the group's goals is what is known as the Meso-American Project, a tool for promoting integration programs in South America, Mercosur and the Andean Community.

More on this topic

CAF in Panamanian Market Debut

May 2011

The financial institution announced the placement of $40 million in the local market, the first outlay by a multilateral in the country.

This is the first outlay by a multilateral institution in this market and one of the largest that has been made in Panama, in terms of amount and term.

CAF Will Open Regional HQ in Panama

October 2009

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".

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 "CAF has already disbursed $54 million for the Metro Secretary.

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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