Significant capital increase of USD 2.5 billion that will double the paid-in capital of the Institution. Record level of approvals (USD 9.17 billion), a 15.4% increase over the previous year. Other approvals totalled USD 37 million, mainly for non-reimbursable operations. Decisive anti-cyclical role through rapid disbursement loan approvals and contingent credit lines to shareholder countries, as well as by strongly supporting both the public and private financial systems (55% of total approvals). Total assets: USD 15.8 billion; liquidity: USD 3.6 billion; shareholders’ equity: USD 5.3 billion; and net income: USD 235 million. Highly satisfactory financial ratios regarding portfolio quality, liquidity, profitability and administrative efficiency. Reaffirmation of the Institution’s credit ratings, despite an adverse international financial environment; recognition of its credit quality as one of the major development banks in Latin America.USD 1 billion bond issue in the U.S. market, the largest in CAF’s history; significant expansion into Latin American capital markets. Portugal becomes CAF’s second shareholder country from the European Union.