CABEI renews credit line to Banco FICOHSA to strengthen key sectors of the Nicaraguan economy
This operation is expected to contribute to the creation of opportunities for income generation and capital mobilization in the country.
Managua, April 8th, 2022. - To promote the country's economic development, the Central American Bank for Economic Integration (CABEI) and Banco FICOHSA Nicaragua Limited Liability Company renewed a US$20.0 million global credit line.
With these resources channeled through its allied financial institution, it plans to support micro, small and medium-sized enterprises (MSMEs), as well as other key sectors of the Nicaraguan economy that in recent years have suffered difficulties due to the COVID-19 pandemic.
"In compliance with our strategic objectives and through this operation, we continue to support the economic reactivation of various economic sectors in Nicaragua, promoting sustainable and equitable growth," said CABEI Executive President Dr. Dante Mossi.
CABEI's chief officer in Nicaragua, Carlos De Castilla, and the general manager of Banco Ficohsa in Nicaragua, Rubén Buitrago, participated in the formalization of this line of financing.
The resources are also part of CABEI's Financial Sector Support Facility for the Financing of MSMEs with the purpose of contributing to the adaptation, solvency and transformation of companies for their economic reactivation in the face of the pandemic’s effects in Central America.