Operations approved in favor of Peru and Colombia

The loan will be used for a program to contribute to the development of Peruvian productive sectors by financing investment projects related to establishment, expansion and modernization of companies involved in agricultural exports, fisheries, mining, industrial, transport and tourism.

Banco Wiese is a shareholder of the CAF “B" series shares which are reserved for private financial institutions of the member countries of the Andean Group.

The loan operation was approved by the 38th meeting of the CAF Executive Committee held in the CAF headquarters in Caracas.

On this occasion, a non-reimbursable technical cooperation operation was also approved for US$500,000 for the Colombian Industrial Development Institute to design a competitiveness program.

This cooperation operation will partially finance a study to identify competitive advantages sustainable over time which stimulate continuous innovation and improvement of industries considered to have a high potential for development, particularly exports of manufactured goods.