CABEI presents Nicaragua's agricultural sector with opportunities to access its financial programs

Managua, May 27th, 2022.- As part of its commitment to promote Nicaragua's economic and social development, the Central American Bank for Economic Integration (CABEI) held a meeting with 80 representatives of associations, chambers and cooperatives that are part of the Federation of Livestock Associations of Nicaragua (FAGANIC) and the Union of Agricultural Producers of Nicaragua (UPANIC) to present the mechanisms and opportunities for accessing its financing programs.

For example the DINAMICA Initiative, CAMBio II, Dry Corridor, and the Financial Sector Support Facility for MSME financing, the latter of which has resulted in US$72.6 million in disbursements through intermediary financial institutions in Nicaragua, and the preservation of 36,509 jobs.

"We continue to strengthen our ties with the Nicaraguan private sector to create short, medium, and long-term financing opportunities for the country's different key economic sectors. In this case, we recognize the important role played by the agricultural sector, which is why we are informing it first-hand of the advantages of working together to generate employment and the well-being of families," said CABEI Executive President, Dr. Dante Mossi.

The activity is part of the follow-up to the first meeting held between CABEI and the country's private sector at the beginning of May, with the aim of establishing a dialogue and unifying strategic business relations.

CABEI in Nicaragua currently has active operations in support of the private sector totaling US$119.28 million, which are channeled through eight intermediary financial institutions.