CAF says approves $300 mln financing for Colombia

Reuters, 05.29.03, 12:49 PM ET    CARACAS, Venezuela, May 29 (Reuters) - The Andean Development Corp., or CAF, the financing arm of the Andean community, said on Thursday it had approved $300 million in financing for the Colombian government.

The Caracas-based multilateral lender said in a statement the financing would go to Colombian President Alvaro Uribe's programs to promote competition, social investment and efficiency in public administration in the Andean nation.

In 2002, CAF agreed to approve $3.5 billion in financing for Colombia though 2006.