CAF
in Central America
Monday, December 19, 2011
A collection system and treatment plant should be operational in 2014, allowing the decontamination of Panama Bay and its tributaries.
The project will require $600 million and is reportedly 80% complete.
An article in Prensa.com reports that "At a cost of $245 million, the plant is projected to perform to high standards until 2035, when it must then expand its capacity. The facilities occupy 35 acres in the village of Juan Diaz and are designed to treat 50 million gallons per day. "
Thursday, October 6, 2011
Panama will be able to take advantage of new markets opening in 2012.
The possible absence of the Kyoto Protocol will not prevent carbon bond issuers, such as Panama, from finding new buyers for the credits.
This seems to be the general consensus of experts on global climate change, who have stated that new stakeholders have emerged to purchase these bonds, traditionally sold to European countries.
Tuesday, July 5, 2011
The energy minister said that analysis of the information shows hydrocarbon fields in Bocas del Toro, Azuero, in the Gulf of Darien, and the Caribbean Coast.
The National Secretariat of Energy had hired the company to OTS, with funding from the Corporation Andina de Fomento (CAF), to rearrange, classify and analyze the existing information on oil exploration.
Friday, June 3, 2011
Over 30 companies participated in the act of approval for the construction of the Aerodrome in Rio Hato, Panama.
The granting of approval of the project specifications took place this week, where the characteristics of the aerodrome to be built in Rio Hato were presented.
Wednesday, May 25, 2011
The Panamanian Government proposes to build in its country, a UN Regional Centre for Latin America and the Caribbean.
Construction of the UN regional center in Panama will cost an estimated $38 million.
Thursday, May 19, 2011
The Civil Aviation Authority will put out to tender before the end of June the construction of an airport in the village of Rio Hato.
Maricella Martinez, an executive at the Aviation Authority said they hope to give the order to proceed between August and September.
Tuesday, May 10, 2011
The financial institution announced the placement of $40 million in the local market, the first outlay by a multilateral in the country.
This is the first outlay by a multilateral institution in this market and one of the largest that has been made in Panama, in terms of amount and term.
Wednesday, March 16, 2011
CAF approved funds for construction of Metro Line 1 in Panama City.
Enrique Garcia, CAF´s CEO, stated: "By supporting this project, CAF aims to significantly contribute to the improvement in the quality of life of Panamanians, especially those living in remote areas of the city center. The metro will reduce their travel time, contribute to the mitigation of pollution generated by current transportation and facilitate other activities which take place in the city with a positive impact on levels of competitiveness."
Wednesday, December 1, 2010
The CAF loan is aimed at improving health conditions and support economic and urban development in the province of Panama.
With partial funding from CAF, amounting to $ 100 million, the Institute of Aqueducts and Sewers (IDAAN) will start implementing an investment program for the water sector and sanitation in the province of Panama.
Friday, October 1, 2010
The Andean Development Corporation (CAF) approved a $120 million loan for the project to clean up the Bay of the City of Panama.
In the past decades, accelerated urban growth in Panama City has caused sewage problems and contamination in the bay of the city.
Friday, July 9, 2010
With the help of funding from the CAF, the country will contract an exploratory study to test for the existence of oil and gas deposits.
Frank De Lima, Panama’s Vice-Minister of the Economy, commented that the aim of the study is to establish areas with potential deposits of oil and gas.
Friday, June 25, 2010
The Legislative approved a loan from the Andean Development Corporation (CAF) to build a road that will link the Caribbean with the country’s north.
The money will be administered by the Costa Rican Public Works Ministry, and will be used to develop the highway project, known as “Bajos de Chilamate – Vuelta Kooper”.
Tuesday, June 15, 2010
Four financial institutions have confirmed their interest in the Panamanian Metro project.
Frank de Lima, vice minister of Finances, stated that the project has secured the necessary funding. The Inter-American Development bank is willing to contribute up to $600 million, the Andean Development Corporation $400 million, the European Investment Bank $240 million, and Citibank up to $250 million.
Wednesday, May 19, 2010
Several infrastructure projects cannot be started until the Legislative Assembly approves a $850 million loan from the IDB and a $52 million one from CAF.
These projects are the highway to Heredia, the new road to San Carlos, the link between Bajos de Chilamate-Vuelta Kooper, concluding the northern Ring Road (Circunvalación) and enlarging the Florencio del Castillo Highway.
Tuesday, March 23, 2010
The Panamanian bank will in turn lend the funds to companies in need of expanding.
Enrique García, executive president of the Andean Development Corporation (CAF), stated that “operations such as this show the role that CAF plays in Latin America, strengthening those institutions which foster external trade, working capital and investment in low risk, high value-added sectors”.
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