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CAF approves the largest capital increase in its 54-year history in Paraguay

RIO DE JANEIRO, BRAZIL - The Development Bank of Latin America (CAF) approved Tuesday in Asunción a capital increase of $7 billion, the largest capital increase in its 54-year history, according to its executive president, Sergio Díaz-Granados.

At the end of the CAF Board of Directors and General and Shareholders' Meeting, held for the first time in Paraguay, Díaz-Granados celebrated the "unanimous" approval to strengthen the institution's equity.

Read also: Check out our coverage on Paraguay

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