Displaying items by tag: loan
Commission approves up to US$179 million loan to renovate 1,500 buses
The deputies of the Finance Committee approved a favorable opinion to sign a loan agreement with Yutong for up to US$179 million.
First loan with Saudi Arabia approved for development of electric energy from the Acelhuate River
In order to promote the use of clean and renewable electric energy in El Salvador, the deputies of the Legislative Assembly, with 70 votes, authorized the Government to sign, for the first time, a loan agreement with the Saudi Fund.
Plenary approves US$75 million CAF loan for environmental program
The deputies of the Legislative Assembly approved, with 59 votes, that the Salvadoran government sign a loan with the Corporación Andina de Fomento (CAF) for US$75,000,000.00 to finance the "Program for environmental improvement, drinking water and sanitation in the upper basin of the Lempa River (Trifinio) and Puerto de La Libertad in El Salvador".
Plenary approves loan of US$100 million for the "Program for the Responsible Social Protection of Shocks in El Salvador"
The Legislative Assembly approved 72 votes, the subscription of a loan for US$100 million to finance the "Program for Responsible Social Protection from Shocks in El Salvador".
Assembly approves that Treasury may subscribe a loan with the BIRF for up to US$150 million
In an ordinary plenary session, the deputies approved a loan agreement for up to US$150 million, signed with the Banco Internacional de Reconstrucción y Fomento, BIRF in order to execute El Salvador's Resilient Transportation and Infrastructure project.
What is a loan and how does it help to finance companies or governments?
Borrowings are a form of financing that a company or government obtains by going to financial entities in the national or international market to request a loan from a large number of investors, dividing the debt into small participations, which are called securities.
Citi structured a social-commercial loan to Fundación Génesis Empresarial
Citi, a financial institution with 49 years of presence in Guatemala, structured a social-commercial loan in local currency to Fundación Génesis Empresarial, a private microfinance development institution that provides working capital and financial solutions to promote sustainable growth in underserved communities.
What is the difference between credit and loan?
A credit is an amount of money that we can request from a trusted financial institution without having to set an amount or repayment terms. The bank does not lend the money, but rather a method of payment, such as a credit card or a line of credit.
CAF to support El Salvador with a US$77 million loan for the implementation of a telemedicine system
The Board of Directors of the Development Bank of Latin America and the Caribbean (CAF) approved a $77 million loan in favor of the Republic of El Salvador to support the implementation of a telemedicine system in the country.
Amendments to several loan agreements signed with CABEI are sought to be endorsed
The Treasury Commission received the General Director of Investment and Public Credit of the ministry of Finance, Marlon Herrera, to obtain opinions on the modifications to several contracts signed with the Central American Bank for Economic Integration (CABEI).