![Uruguay becomes full CAF member Uruguay becomes full CAF member](/media/28997/uruguay_1.gif)
Uruguay becomes full CAF member
The signing formalizes subscription to US$137 million of CAF ordinary capital stock which added to its existing equity interest of US$43.7 million raises the capital subscribed by Uruguay to US$180.7 million. The country also agreed to subscribe US$36 million to the guarantee capital of the Corporation.
Since becoming a shareholder in 1991, Uruguay has maintained close relations with the Corporation, which have resulted in approval of operations in its favor for US$350 million during the 2002-2007 five-year period. These operations finance projects in the sectors of transport infrastructure - specifically integration highways - energy and social infrastructure.
The signing of the agreement strengthens Uruguay’s presence in CAF and opens access to a substantial number of credits for project financing in both public and private sectors to promote national development and regional integration.
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