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The funds will be used in “strategic sectors” such as social development, water and health, energy and more, the bank said in a statement.
The move is a “sign of commitment of CAF’s board of directors and management to offer timely responses in accordance with the challenges facing the region,” Director Sergio Diaz-Granados said in the statement.
Honduras became a full member of the CAF on Monday, according to a statement from the country’s foreign ministry.
The CAF, based in Caracas and established in 1970, has 18 member-countries in Latin America, the Caribbean, Spain and Portugal, along with 13 private banks.
