Cooperation agreement signed with Mexico.

(Caracas, June 15, 1990).- Mexico and CAF today (Friday 15) signed an agreement to establish an integrated cooperation program.

The previous day (Thursday 14) the CAF Board had approved a resolution which authorized Mexico as CAF shareholder. The respective agreement must be signed within 60 days. Mexico will subscribe a total of 4,000 shares, of which 2,400 will be paid in cash and the remaining 1,500 will be guarantee capital.

The program signed today covers a series of actions:

1. Technical assistance from Mexico to CAF on external debt, development banking, privatization, etc;
2. Promotion of Andean exports to Mexico;
3. Promotion of Andean-Mexico investments;
4. Technical Cooperation from Nacional Financiera de Mexico on establishment of financing of industrial parks and free zones;
5. Technical cooperation with the Mexican National Foreign Trade Bank for promotion and financing of Andean exports;
6. Scholarships for Andean citizens in Mexican educational and research institutions;
7. Cooperation on tourism to stimulate this activity Mexico and in the five Andean countries;
8. Cooperation in the energy sector to optimize the use of natural resources and environmental conservation.
9. Cooperation in the transport sector;
10. Cooperation in the agricultural sector;
11. Mexican line of credit for goods and services in projects financed by CAF;
12. Granting of funds for pre-investment; and
13. Technical cooperation funds.