Thursday, 25 February 2021 07:31

CABEI grants US$20 million to Banco Atlantida to boost El Salvador's business sector

Written by Cindy Moreno

This operation is expected to benefit 228 MSMEs, of which 135 are microenterprises, 73 are small enterprises, and 20 are medium-sized enterprises.

The Central American Bank for Economic Integration (CABEI) has approved a Global Line of Credit to Banco Atlántida El Salvador, S.A. of the Republic of El Salvador for up to US$20 million.

The availability of these resources will make it possible to finance operations within the framework of CABEI's different financial intermediation programs, with emphasis on programs to support Micro, Small and Medium-Sized Enterprises (MSMEs), Energy Efficiency and Renewable Energy.

These resources have been identified to benefit 228 MSMEs, of which 135 are microenterprises, 73 are small enterprises, and 20 are medium-sized enterprises.

CABEI Executive President, Dr. Dante Mossi, said that these types of actions promote development at multiple levels, generate employment and well-being, and contribute to boosting the country's and the region's economy. Supporting financial institutions such as Banco Atlántida allows us to reach the country's enterprising citizens.

These types of CABEI initiatives are in line with its Institutional Strategy 2020-2024, within the axis of sustainable competitiveness, and it contributes to the strategic objective of contributing to inclusive economic growth.

Last modified on Thursday, 25 February 2021 07:34