CABEI renews credit line to BDF

Managua, March 2, 2017. -The Central American Bank for Economic Integration (CABEI) and Banco de Finanzas (BDF) signed an agreement to renew a US$40 million global credit line in order to attend the needs of Intermediary Financial Institutions (IFIS).

CABEI funds seek to boost sectors related to micro, small and medium enterprises in such areas as climate phenomena, agribusiness, biodiversity, energy, entrepreneurism, gender, education, social housing, municipalities, foreign trade and productive sectors.

The agreement was signed by CABEI Director for Nicaragua, Dr. Silvio Conrado Gómez, and BDF General Manager, Mr. Juan Carlos Argüello.

This credit line reiterates CABEI's commitment to the financing of MSMEs in both the rural and urban sector. In addition, the operation falls in the framework of the CABEI 2015-2019 Institutional Strategy “Integrating Sustainable Development and Competitiveness” and complies with the Sustainable Development Objectives through the promotion of MSME growth, employment generation and poverty reduction.