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 ?
Sponsors of the 3rd Annual Global Infrastructure Leadership Forum include the African Development Bank, the Andean Development Corporation (CAF), Citigroup, ESRI, Madrid Network, Metro Madrid, Sterne Agee, TAQA - Abu Dhabi's National Energy Company, and TransGreen Energy.
The Andean Development Corporation (CAF) will provide a co-financing of US$8.
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.
While the sovereign is expected to close this year's fiscal gap through a combination of funds from the Latin America Reserve Fund (FLAR), the Andean Development Corporation (CAF), forward sales to Petrochina and the public pension system (IESS), next year could prove more challenging in the absence of increased external sources of financing and expenditure restraint.
The Global Leadership Forum is sponsored by leading public and private entities from around the world, including 2 Platinum sponsors, Mexico City and the Dominican Republic; Gold sponsors, the World Bank/MIGA, the African Development Bank, Booz Allen Hamilton, the Andean Development Corporation, Emerging Energy Research, EOS Airlines and Ospraie Management; and Silver sponsors Louis Berger International, and TetraTech.
Representatives from over 36 countries gathered at the Organisation for Economic Co-operation and Development's (OECD) Local Employment and Economic Development (LEED) Directing Committee meeting, along with officials from national governments, the European Commission and the Andean Development Corporation.
The situation within the United States and the new makeup in Congress is the main detriment to the survival of these deals," says Luis Miguel Castilla, head of public policy and competitiveness at the Andean Development Corporation, a multilateral lending institution in Caracas, referring to labor-friendly Democrats now in control of the U.
The Andean Development Corporation (CAF) sponsored the Project of the Year awards, which were presented by Antonio Juan Sosa, Vice President for Infrastructure.
The government will pay cash to finance part of the roadwork and a $770 million Andean Development Corporation loan will cover the rest.