CAF grants $1.3 bln in new loans

CAF grants $1.3 bln in new loans

Loans Project & Infrastructure Finance Debt Brazil Colombia Mexico Paraguay Uruguay Dominican Republic Panama

South American development bank CAF said it has granted $1.33 billion in new loans, putting it on pace to end the year with a record $13.8 billion in loan approvals. The bank approved three loans for $286 million in Brazil, including $136 million for infrastructure projects in the state of Alagoas, it said in a statement. It also said it granted $80 million for infrastructure investments in the city of São Bernardo do Campo in the state of São Paulo, including improvements to the Billings reserv

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