Financing fix.The Corporacion Andina de Fomento (CAF CAF - constant applicative form ), a multilateral mul·ti·lat·er·al adj. 1. Having many sides. 2. Involving more than two nations or parties: multilateral trade agreements. lending institution Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in , approved US$584.8 million in loans for projects in Bolivia, Ecuador and Venezuela. Most of the proceeds are to fund electricity and infrastructure projects in Ecuador and to complete the road between Bolivia and Brazil. The remaining $72 million is earmarked for repairing the 22-year-old Caracas subway system. The Andean region's largest lender also approved a $9.5 million loan to finance highway construction in rural regions of Paraguay. Along with the Multilateral Investment Fund, which is run by the Inter-American Development Bank Inter-American Development Bank (IDB) international organization founded in 1959 by 20 governments in North and South America to finance economic and social development in the Western Hemisphere. , the CAF arranged $9.3 million in financing for Uruguay companies to export more value-added products abroad. |
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