Andean Development Fund: poverty in Peru could be reduced by as much as 31 percent by 2011

Poverty in Peru could be reduced by as much as 31 percent by 2011 if the Andean country maintains an annual economic growth rate of 6 percent and develops an efficient and integrated social policy, reported the Andean Development Fund, or CAF, on Monday. The CAF’s expected poverty decrease is in sync with the Peruvian [...]

Andean Development Fund approves $350 million loan for completion of Peru’s electrical urban railway

The Andean Development Fund, CAF, approved a $350 million loan to fund the completion of Peru’s Lima and Callao Mass Transport Electric System Line 1, daily Peru21 reported Monday. Because no acceptable offer was made to the Peruvian government after it invited bids for a 30-year concession to operate the Lima-Callao urban railway, the Transport and Communications [...]

Andean Development Fund approves $300 million loan for Peru-Brazil Transoceanic Highway

The Andean Development Fund, CAF, approved a $300 million loan Monday to partially fund the completion of the Peru section of the Transoceanic Highway, a roadway project to connect Brazil’s Atlantic ports with the Pacific coast of Peru, said CAF Director Eleonora Silva Pardo. “(With this loan), the project, which is a pivotal element in [...]