Decisive support for regional foreign trade

(Caracas, October 10, 2007).- The Andean Development Corporation announced the granting of a rotating line of credit for US$25 million in favor of the Latin American Export Bank (Bladex) to support foreign trade and promote the development of Latin America and the Caribbean.

"Our Corporation maintains excellent business relations with Bladex, thanks to which we support common clients in co-financing operations," CAF President & CEO Enrique García said. "This approval is in harmony with the CAF business strategy, which is aimed at deepening and diversifying our relations with the Latin American financial sector," he added.

The new line of credit granted to Bladex is part of the multilateral financial organization’s strategy of supporting the efforts of Latin American and Caribbean banks to promote trade in the region, resulting in Latin American development.

Bladex is a supranational bank founded by 23 central banks of Latin America and the Caribbean with the objective of supporting foreign trade and contributing to the economic growth and competitiveness of Latin America. Established in Panama, its shareholders include central and commercial banks from the region, along with international banks and private investors. For more information visit www.blx.com