The Andean Development Corporation (CAF) approved US$333 million in loans to Ecuador to upgrade the country's electricity distribution system, highways and other urban development projects.
THE ANDEAN An·des
A mountain system of western South America extending more than 8,045 km (5,000 mi) along the Pacific coast from Venezuela to Tierra del Fuego. The Andes rise at many points to more than 6,710 m (22,000 ft). DEVELOPMENT CORPORATION (CAF CAF - constant applicative form ) approved US$333 million in loans to Ecuador Ecuador (ĕk`wədôr) [Span., = equator], officially Republic of Ecuador, republic (2005 est. pop. 13,364,000), 109,483 sq mi (283,561 sq km), W South America. to upgrade the country's electricity distribution system, highways and other urban development projects. The CAF said the loans will increase stability in Ecuador.
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