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View Full Version : CAF approves loan



NewsWhore
12-18-2008, 03:20 PM
The Andean Promotion Corporation (CAF) has approved a US$75 million line of credit that will be used for the improvement of roads in the DR. The loan will be managed by the National Plan for the Investment in the Dominican Republic Transport Sector and will be executed by the Ministry of Hacienda. The CAF is a multilateral finance organization that helps fund sustainable development and regional integration. Participating members in CAF include Argentina, Bolivia, Brazil, Costa Rica, Colombia, Chile, Ecuador, Spain, Jamaica, Mexico, Panama, Paraguay, Peru, Dominican Republic, Trinidad and Tobago, Uruguay and Venezuela, as well as 15 banks located within the Andean Community.
www.caf.com/view/index.asp?ms=17&pageMs=39581&new_id=52141 (http://www.caf.com/view/index.asp?ms=17&pageMs=39581&new_id=52141)

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