Andean Development Corporation


Also found in: Dictionary, Medical, Encyclopedia.
Related to Andean Development Corporation: EBRD, Inter American Development Bank

Andean Development Corporation

A multilateral lending facility owned by governments throughout South America. The Andean Development Corporation extends credit to public and private organizations in member countries engaging in projects related to international development. It was established in 1970 in Caracas, Venezuela.
References in periodicals archive ?
Participants of the International Support Group will include representatives of international financial institutions including the IDB, the World Bank, the IMF and the Andean Development Corporation, the European Commission and European Parliament, the United Nations; and donor countries.Two international meetings of the Support Group for the Peace Process in Colombia have taken place so far: in Madrid in July last year; and in Bogota in October, where the Commission announced a multi-annual support programme of Euro 105 million, in addition to a Spanish contribution of Euro 100 million.The EU will be represented by External Relations Commissioner Chris Patten, and by Swedish State Secretary for International Co-operation, Gun-Britt Andersson.
A select group of 40 young leaders from Latin America--from sectors related to politics, academics, labor, business, student affairs, and the media--debated with each other at an event called "The Future of Latin America: The Vision of Young Leaders," organized by the Andean Development Corporation (CAF) and the Brookings Institute on September 21 in Washington DC.
Sembrando has received attention and funding from the United Nations, the World Bank, and the Andean Development Corporation. In Peru, local and regional governments have also given money, while in 2009 the Bill & Melinda Gates Foundation extended a $5 million grant to the program to be disbursed over three years.
Panama Canal Authority CEO Alberto Aleman; Inter-American Development Bank President Luis Alberto Moreno; Beatriz Garcia and Enrique Garcia, president and CEO, Andean Development Corporation.
At the forum in September, sponsored by the Inter-American Dialogue, the Andean Development Corporation, and the OAS, several speakers praised the host country for focusing discussions on a limited number of challenges rather than trying to tackle every issue facing the region.