CDB provides loan to Corporación Andina de Fomento (CAF) for unspecified purposes

📋 Staff Comments

1. CAF is a multilateral development bank that has a mission of stimulating sustainable development and regional integration by financing projects in the public and private sectors in Latin America, and providing technical cooperation and other specialized services. Founded in 1970 and currently with 19 member countries from Latin America, the Caribbean, and Europe along with 13 private banks, CAF is one of the main sources of multilateral financing and an important generator of knowledge for the region. CAF is headquartered in Caracas, Venezuela. Additionally, it has Representative Offices in Madrid, Lima, Brasilia, Bogota, Buenos Aires, Quito, Panama, Montevideo, Asuncion, Mexico City, Port Spain and La Paz.
2. The face value of the loan is unknown. For the time being, AidData relies on the December 2007 disbursement amount ($150 million) as a proxy. This issue warrants further investigation.

📚 Sources & References

• Business AddressTORRE CENTRALAVENIDA LUIS ROCHEALTAMIRACARACAS VENEZUELA X5999999999Mailing AddressTORRE CAFAV LUIS ROCHECARACAS VENEZUELA X5SECURITIES AND EXCHANGE COMMISSION
• CORPORACIÓN ANDINA DE FOMENTO 3.750% Notes due 2023
• Annual Report2008
• CAF and China Development Bank sign cooperation agreement
• Funds from China for the region, other debt products
• CAF – Development Bank of Latin America Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.