CAF grants US$600 million in loans to Peru

The Peruvian minister of Economy and Finance, Javier Silva Ruete, accompanied by the president of the Andean Development Corporation, Enrique García, announced that CAF will soon approve a multi-sector loan for US$300 million. With a previous loan of US$250 million approved in December last year and other projects in execution, drawdowns in the first half of this year will total US$600 million.

Enrique García said the loans are to support the process of democratic transition in a framework of macroeconomic stability.

Minister Silva Ruete said Peru would obtain significant benefits from the new CAF credit, enabling the release of a large volume of public funds for other State obligations.