Multinational lending: Mutual aid works for Latin America – Financial Times (September 23rd 2012)

 

“As Latin America’s economies have recovered since the so-called “lost decade” of the 1980s when hyperinflation and financial crises were the norm, so the region’s development bank, the Corporación Andina de Fomento (Andean Development Corporation, or CAF), has gone from strength to strength. …
 

The CAF’s lending operations have doubled in the past five years to $15bn, and the bank’s president, Enrique García, told the FT in an interview this year that he expected them to double again over the next five years, with a particular focus on supporting regional integration and infrastructure.”

To read this article visit the site http://www.ft.com/intl/cms/s/0/05e0b6e0-017f-11e2-83bb-00144feabdc0.html#axzz2BYYKphHd

 

 

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