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Article: Andean Development Corporation. (CAF).(Brief Article)
- Article from:
- Foreign Policy
- Article date:
- January 1, 2002
CopyrightCOPYRIGHT 2002 Carnegie Endowment for International Peace. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CORPORACION ANDINA DE FOMENTO (CAF), or Andean Development Corporation, is a multilateral financial institution that promotes sustainable development and regional integration in both the public and private sectors of Latin America and the Caribbean. CAF's principal shareholders are the five Andean nations: Bolivia, Colombia, Ecuador, Peru, and Venezuela. Other shareholders include Argentina, Brazil, Chile, Jamaica, Mexico, Panama, Paraguay, Trinidad and Tobago, as well as 22 private banks from the Andean region.
CAF began its operations in 1970 after the Andean nations signed the Declaration of Bogota, which established a financial agency to promote economic ...