Infrastructure and Construction Infrastructure Infrastructure Investment international loans Investment construction CAF loans Business and Investment Infraestructure & Construction Road Infrastructure road construction Ministry of Economy and Finance Omar Castillo Alberto Vallarino

Panama: $1 Billion from CAF

The Andean Development Corporation (CAF) is offering the country a credit line for $1 billion, in order to fund infrastructure projects.

Friday, October 23, 2009

©image: CAF

This credit line is for the next five years, reported Omar Castillo, budget director at the Ministry of Economy.

Manuel Luna writes for Laestrella.com.pa: "CAF has already disbursed $54 million for the Metro Secretary. Castillo informed that this regional entity is interested in funding this administration's mega projects".

Source: laestrella.com.pa

Key entities

Omar Castillo Ministry of Economy and Finance CAF

Countries

Panama

Insight

Infrastructure Investment Infrastructure construction funding international loans loans Investment Business and Investment Infrastructure and Construction

Honduras: $8 million for Banco de Occidente

December 2008

The funds will be used to finance agriculture, the environment, housing construction and for the municipalities in the country.

The loan, grated by the Central America Bank for Economic Integration (BCIE), was approved from the beginning of this year by Western Bank in order to facilitate the development of the sectors, indicated company president, Jorge Bueso.

Panama joins the CAF

July 2008

Panama has become a full member of the Corporación Andina de Fomento (CAF), having signed an agreement in which it has agreed to invest 170 million dollars of capital.

This, together with the 25 million dollars it invested in 1997, will bring its total investment to 195 million dollars, as well as guarantee capital of an additional 36 million dollars.

Guatemala to join the Corporación Andina de Fomento

July 2008

The Corporación Andina de Fomento, a group of partners that provides capital reserves, has announced that Guatemala will be joining as a full shareholder member.

Mexico and Costa Rica have been partners for several years. Shareholder companies must contribute capital reserves, and the corporation currently has 4.5 bilion dollars 2.865 billion euros) of share capital.

WB Lends Panama $1.150 Million

March 2010

The World Bank (WB) has granted Panama a $1.15 billion credit line for the Metro project.

Laura Frigenti, World Bank director for Central America, explained that their technicians are already participating in the project to build a metro system in Panama City.

Prensa.com explained that the resources could also be used to fund water projects, cleaning up the bay or building roads, but this has not been defined yet.

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