October 26, 2006
The Andean Development Corporation (CAF) has approved $135 million of loans
The Andean Development Corporation (CAF) has approved $135 million of loans to Peru's financial sector. The loans will be provided in two rotating lines of credit for Banco de Crédito del Perú and BBVA Banco Continental. CAF's president and chief executive, Enrique García explained that these operations were part of the Corporation's efforts to support, through financial institutions, the foreign trade and working capital of companies in low-risk sectors with high value added.