CAF breaks lending record in 2020

CAF breaks lending record in 2020

Loans Debt Project & Infrastructure Finance Coronavirus Latin America

Latin American development bank CAF said Monday that it approved more than $14 billion in loans in 2020, setting a new record as the COVID-19 pandemic triggered a sharp rise in healthcare costs and led to an economic crisis across the region. CAF said it granted $4.5 billion in loans for healthcare projects in 2020 along with $2 billion for infrastructure projects. It also provided $4.1 billion in credit lines to member nations to counteract the economic effects of the pandemic, the Caracas-base

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