CAF Approves $672m Argentina Loans

CAF has signed 5 loan agreements with Argentina for $292m and has announced the approval of a further $380m of loans for development projects. “We are supporting projects which the Argentinean government has established as priorities in the areas of social development, technology, education, infrastructure, energy and regional integration,” says Enrique Garcia, executive president, CAF. A loan for $100m will go towards infrastructure projects to improve regional development, and a $35m loan will be for 28 infrastructure projects in 23 universities. To improve the regional expansion of electricity provisions, a loan for $84m will be given. A contract was also signed for $37.7m to finance studies relating to the energy sector. A $36m technology loan was also granted, for financing a satellite project. The approved loans include $140m to develop roads in the northern provinces of Argentina, and $240m to support the government’s plans to extend the life of a nuclear power plant.