Central America to Receive $40.5 Million Loan
THE Central American Bank ofEconomic Integration (CABEI) hasapproved a $40.5 million loan for theCosta Rican, Salvadoran, Honduran andNicaraguan private financial sectors.The funds were approved as part ofthe bank’s credit programs for theregion. Within the framework of theseprograms, CABEI resources can be usedto finance specific short- and long-termprojects, corporate credits and foreign tradeoperations.Of the total approved funds, theamount of $20 million was authorized forthe regional Cuscatlán Bank through aglobal credit line, while $10 million wereauthorized for Cuscatlán Costa Rica.A $10 million credit was alsoapproved for the regional BANISTMOBank of Nicaragua, and $500,000 went toa credit institution in El Salvador.
You may be interested
Adaptive surfing, part III: Riding the waves with NoahEllen Zoe Golden - May 25, 2018
Part III in a series on adaptive surfing in Costa Rica. Read Part I, about the country's association for disabled…
It’s frog orgy seasonLindsay Fendt - May 25, 2018
The rainy season is upon us. For many of us that means hiding indoors for the next few months, but for Costa…