Panama Full Member of CAF

©image: CAF

The country was member of CAF as Series C shareholder, with limited access to products and services.

“Panama’s Legislative approved on March 3 a constitutive agreement with CAF, which incorporates the country as a full member. With this status, Panama is entitled to up to 15% of CAF’s loan portfolio, around $1.8 billion”, reported Americaeconomica.com.

Source: americaeconomica.com

More on this topic

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.

Panama Buys Equity in CAF

November 2009

Panama will acquire Series C shares from the Andean Development Corporation (CAF), and thus will be entitled to loans up to $1 billion.

The funds will be used in infrastructure projects such as the Metro system, airports, sewers and roads.

Economy Minister Alberto Vallarino said that "...

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.