Thursday, 19 March 2009

CAF Lends $100 MIllion to Ecuador to Help the Nation Cope With the Impact of the Credit Crisis

Corporación Andina de Fomento, the multilateral lender founded by the countries of the Andean region, approved a revolving credit line worth $100 million to Ecuador. The transaction will help ''ease financial stress stemmed from the impact of the current credit crisis,´´ CAF said in a statement. The borrower will be the nation's Corporación Financiera Nacional. No details on the credit line were disclosed.

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