Argentina Joins CAF

CAF has signed up Argentina as a member with a $643m participation. It is first Latin, non-Andean nation to join the multilateral, following a recent change in the rules that allows such members. At the signing, CAF also agreed a $300m loan to partially fund the Interconexión Eléctrica Rincón Santa María-Rodríguez project. The deal is the seventh CAF has signed in the country. Full membership is expected to boost CAF financing to Argentina.