Germany to back CAF’s financing in geothermal projects and urban transportation for Latin America with €350 million

May 10, 2016

The German Ministry for Economic Cooperation and Development (BMZ, German abbreviation)and CAF signed an agreement by which they shall promote the development of projects that will benefit, in the case of energy, countries such as Colombia, Ecuador, Peru, Bolivia, Chile and Mexico; meanwhile, benefits in the transportation sector shall be enjoyed by Latin America in general