Investors conference call

Corporación Andina de Fomento (“CAF”) today announced that on March 23, 2004, the company will release full-year 2003 results and hold a conference call with the investment community at 9:00 am EST to provide and describe said information.

The conference call may be accessed by telephone dial-in with the capability to participate in the question-and-answer portion of the call. Participants calling from the U.S. can access the call by dialing (800) 901-5231. Participants calling from outside the U.S. can access the call by dialing (617) 786-2961. The access code for all callers is 88202649. The presentation to be used during the conference call will be available on the day of the call on CAF’s website at www.caf.com.

An audio replay of the conference call is scheduled to be available beginning at 11:00 am EST on the day of the call, for three weeks thereafter. To access the replay within the U.S., dial (888) 286-8010, while international callers should dial (617) 801-6888. The replay access code for all callers is 46403761. Moreover, the respective presentation will be on CAF’s website for three weeks thereafter.

CAF is a multilateral financial institution that promotes sustainable development and regional integration, through an efficient mobilization of international financial resources and other strategic activities in benefit of its shareholder countries. The company is committed to the design and implementation of a new development agenda for Latin America, aimed at achieving high sustained growth that is socially equitable, environmentally sustainable and globally competitive, as well as the reduction of poverty in the region and the strengthening of democratic governance. Additional information on the company is available at www.caf.com.

Contacts:

Media – Nathalie Gerbasi – 58-212-2092315

Investors – Gabriel Felpeto – 58-212-2092303