Lender CAF approves $300 million in credit to help Latin American countries hit by coronavirus

BOGOTA (Reuters) - Latin American development bank CAF has approved a credit line worth $300 million (£234 million) to manage emergencies related to coronavirus in its member countries, it said on Tuesday.

CAF made the announcement shortly after Chile and Argentina confirmed their first cases of the fast-moving virus. Other countries in the region with COVID-19 include Brazil, Mexico, Ecuador and the Dominican Republic.