CAF Approves $1bn in Loans for LatAm Countries

CAF has approved a total of $1bn in loans to Brazil, Bolivia, Ecuador and Uruguay. The Caracas-based multilateral approved a $400m credit line for the Uruguayan ministry of finance to support its public debt management strategy. Ecuador received a $310m loan for relief efforts for natural disasters and to finance the Quito road network, says CAF. For Bolivia, the multilateral approved $250m for an economic infrastructure program in marginalized areas administered by the country’s ministry of planning and development. And for Brazil, CAF approved $100m for a road pavement program aimed at improving road connectivity lead by the road infrastructure department of the state of Paraiba, notes the multilateral.