Displaying items by tag: loans
The General Director of Investment and Public Credit of the Ministry of Finance of El Salvador, Marlon Herrera and the deputy director of Budget, Michelle Arce, appeared before the Finance Committee of the Legislative Assembly, to request loans from the Development Bank of Latin America and the Caribbean.
El Salvador's Ministry of Housing plans to invest $228.1 million in loans during 2024, through different programs included in institutions such as the Fondo Social para la Vivienda (FSV) and the Fondo Nacional de Vivienda Popular (Fonavipo).
Through social networks, the minister of Housing, Michelle Sol, announced that US$823.5 million have been invested in the delivery of credits, deeds, resettlement and housing, in the four and a half years she has been in office.
This afternoon, the Legislative Assembly approved in plenary section number 138, reforms to the Law for the Creation of the Fondo Solidario para la Familia Microempresaria(FOSOFAMILIA).
The Salvadoran financial system contributes to the stability of the country's economy and this is reflected in the strength of its indicators at the end of may 2023, highlighting the 9.2% interannual growth in loans, which reached US$17,974.62 million.
The deputies have approved the financing to carry out the Water Sector Resilience Project in El Salvador, as part of a loan between the Ministry of Finance and the International Bank for Reconstruction and Development.
The Superintendencia del Sistema Financiero (SSF) informed that "savings accounts reveal an inter-annual growth of US$236.7 million, as of march 15, 2023, highlighting the confidence of users in the financial system". Thus, the balance safeguarded in these instruments amounts to US$5,908.4 million.
According to the Superintendencia del Sistema Financiero (SSF), as of december 2022, the evolution of savings accounts shows an increase of 10.1%, with a year-over-year growth of US$553.8 million.
The Treasury and Special Budget Commission issued two opinions in favor of the Executive Branch subscribing a loan with the Central American Bank for Economic Integration (CABEI) and the Corporación Andina de Fomento (CAF).
At the close of the first half of the year in june of this year, the SISTEMA FEDECRÉDITO achieved a growth in its loan portfolio of 12% compared to june 2021, equivalent to $289 million. The loan portfolio balance reached $2,686 million at the end of the first half of 2022, explained Oscar Pérez, director of Finance and Operations of FEDECRÉDITO.