Lines of credit totaling US$300 million granted

To expand the operating capacity and diversify their sources of liquidity, the Andean Development Corporation (CAF) approved three new lines of credit for a total of US$300 million in favor of the Central Bank of Bolivia (BCB), the Central Bank of Ecuador (BCE), and the Central Bank of Venezuela (BCV).

CAF President & CEO Enrique García said that this operation was part of the Corporation's institutional objectives, which include strengthening the financial institutions of its shareholder countries, contributing to the harmonious development of national economies, and facilitating the coordination of macroeconomic policies, with a view to promoting productivity and competitiveness in the region and in Latin America.