CAF Lends Peru $400m

CAF has agreed to provide a $400m contingency loan to Peru to help mitigate the effects of the global economic crisis. The line is part of the $1.5bn in available lines CAF pledged in October 2008. The facilities are to be used by CAF’s member countries. There is no set time limit on the use of the funds, a CAF spokeswoman says. She declined to give the interest rates associated with the use of the credit line.