Economy / Panama
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CAF Membership Secured
July 2008 | Ratings UpdateSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Panama became a full member of the Andean Development Corporation (CAF), a multilateral financial institution that promotes sustainable development and regional economic integration. To secure full membership, Panama has pledged a US$170mn equity contribution to the CAF, which will be added to the US$25mn it contributed in 1997 to become a shareholder. As a result, the government will now have access to increased financing for the Panama Canal expansion project to the tune of US$500mn.