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Wednesday, October 31, 2007

Group Funds Ecuador Social Projects

Quito, Oct 30 (Prensa Latina) Andean Development Corporation -CAF- President Enrique Garcia announced that his organization will give the Ecuadorian government $180 million for social projects.

Garcia met President Rafael Correa on Monday, and expressed the excellent relations between CAF and Ecuador, according to sources of the presidency.

It was a very good opportunity to review the excellent relations of CAF in a year, when the group of operations surpassed the $100 million mark, he explained.

He pointed out his organization's commitment to support Ecuador's economic program.

Garcia expressed will to support the country during the four coming years in programs and projects, both in public spheres and the private sector.

Correa is interested in giving priority to future projects of infrastructure, where CAF has experience also on issues of decentralization to allow resources to flow to different provinces, he said.

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