Banks Promote Insurance for Central American Farmers

December 23, 2005

THE Central American Bank for Economic Integration (CABEI) announced last week that it is giving $449,000 to help develop an insurance market for Central American farmers.

With the development of a more stable insurance market for the risk-prone sector, which employs 3 million people in the region and accounts for 25-40% of the labor force for Central American countries, farmers would have better access to credit and be more prepared to face the increased competition that the Central American Free-Trade Agreement with the United States (CAFTA) is expected to bring.

The project will build information systems, improve regulations and the legal framework for the market and promote innovative insurance instruments, according to a CABEI statement.

 

Facebook Comments

You may be interested

How to file a criminal complaint, or ‘denuncia,’ in Costa Rica
Costa Rica
774 views
Costa Rica
774 views

How to file a criminal complaint, or ‘denuncia,’ in Costa Rica

Caeli Chesin - March 22, 2019

In Costa Rica, a criminal complaint can report workplace harassment, a home invasion or sexual assault, among other crimes related…

Off the eaten path: Aroi Thai
Dining & Nightlife
871 views
Dining & Nightlife
871 views

Off the eaten path: Aroi Thai

William Ayre - March 22, 2019

Aroi Thai was the first Thai restaurant in Costa Rica. They started as a delivery-only service before opening a restaurant…

Costa Rica confirms measles cases in children of United States citizens
Costa Rica
3496 views
Costa Rica
3496 views

Costa Rica confirms measles cases in children of United States citizens

Alejandro Zúñiga - March 21, 2019

Costa Rica is enacting a National Surveillance Protocol after confirming two cases of measles, the Health Ministry announced Thursday afternoon.…