International. Corporación Andina de Fomento
| Date of agreement: | 16 Nov 2009 |
|---|---|
| Country: | International |
| Customer: | Corporación Andina de Fomento |
| Amount in USD: | USD 60 million |
| Amount in EUR: | EUR 40 million |
| Maturity: | 12 years |
| NACE sector / loan type: | Loan programme |
Project
The loan programme has been provided for financing projects of mutual interest to the member countries of NIB and CAF. The aim is to allocate sub-loans to be financed under the programme for projects in the sectors of energy, the environment, infrastructure and transport.
Established in 1970, CAF is a multilateral financial institution owned by Argentina, Brazil, Bolivia, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Jamaica, México, Panama, Paraguay, Peru, Portugal, Spain, Trinidad & Tobago, Uruguay, Venezuela, and 14 private banks in the region. The bank mobilises resources from international markets to Latin America, in order to promote sustainable economic development and regional integration.
Sustainability summary
CAF has an environmental policy and a system for considering environmental issues in its credit process, including a free-standing environmental department.