CAF president reaffirms support for Ecuador

(Quito, July 22, 2009).- CAF President & CEO Enrique Garcia met with Ecuadorian head of state Rafael Correa. At the meeting, Garcia reaffirmed the Corporation's commitment to continue supporting the development of the country through finance for projects in the public and private sectors.

The meeting covered various matters including important operations that the Corporation has executed in favor of Ecuador in recent years, and analyzed approvals for US$900 million and disbursements of US$5 million planned for the rest of this year.

At the end of the meeting, Garcia said, "this has been a good opportunity to review the institution's excellent relations with Ecuador." He added that CAF was the main source of financing for the country and "will continue supporting Ecuador in key projects for its development dynamically and opportunely."

The CAF president visited the country early this week to participate in the III CAF Forum: Challenges for microfinance in times of crisis, which took place in the capital on July 20 and 21. He also held meetings with authorities in the public sector and clients in the private sector.