January 5, 2021
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
Latin American development bank says it approved $14 bln in loans last year, mostly to combat COVID-19