The Development Bank of Latin America (CAF) Director Representative, Eleonora Silva, announced the bank’s loan portfolio for Peru will amount to US$2.5 billion this year, posting a 5% surge compared to 2014.
Most of the money, she said, will go to important infrastructure projects such as the third stage of Chavimochic, the Majes Siguas second stage and the Lima Metro Line 2.
“All these are meaningful projects and we feel CAF contribution can make an enormous difference in the development of Peru,” she was quoted as saying by Andina news agency.
Silva also pointed out that last year’s loan portfolio totaled US$2.4 billion, 30% of which was accounted for the private sector.
She said the significant contribution made by CAF, as development bank, is the financial support to large works such as the Southern and Northern Inter-oceanic Highways as well as the two stretches of the Lima Metro Line 1.
“One of the major contributions has been the monitoring of these works by CAF experts, which allowed the country to perform complex operations,” she noted.
Besides infrastructure works, CAF also supported biotrade programs in Peru, and provided funds for Peruvian financial system.
(END) RGP/JJN/RMB
Published: 1/30/2015