USAID. MISSION TO PARAGUAY
PROJECT COMPLETION REPORT - COMDESA II
EVALUATES USAID LOAN ASSISTANCE AS OF 10/31/78 TO ESTABLISH A PRIVATE DEVELOPMENT FINANCE AND INVESTMENT INSTITUTION IN PARAGUAY.
1978
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Abstract
A FIRST LOAN OF $2.6 MILLION (526-L-019) WAS PROVIDED TO THE CAMPANIA PARAGUAYA DE DESARROLLO S.A. (COMDESA) IN 1970 AND WAS FULLY COMMITTED IN 6/73. COMDESA FULFILLED ITS BASIC PURPOSE OF CHANNELING PARAGUAYAN AND EXTERNAL RESOURCES TO THE DEVELOPMENT OF AGRICULTURAL AND INDUSTRIAL PROJECTS. A SECOND LOAN (526-L-025) WAS PROVIDED IN 1973. PROJECT DEMONSTRATED THAT AT LEAST IN PARAGUAY, SPECIALIZED DEVELOPMENT BANKS ARE NOT NEEDED TO FINANCE DEVELOPMENT PROJECTS; THE COMMERCIAL BANKS WILL DO SO IF THEY HAVE ACCESS TO MEDIUM-TERM FUNDS.
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