CABEI renews two credit lines in El Salvador
CABEI and BCR signed two credit line agreements in support of El Salvador's financial system.
San Salvador, August 20, 2019.- The Central American Bank for Economic Integration (CABEI) signed the renewal of two credit lines with Banco Central de Reserva (BCR) in El Salvador to improve the country's financial system and support the region's economic growth.
The first line of credit is for an amount of US$200 million and falls under the framework of the Credit Program to Support the Liquidity Management of the Central Banks of the founding countries of CABEI. With this credit facility, CABEI seeks to support BCR in its management to guarantee and safeguard the country's monetary and financial stability.
The second line of credit, which amounts to US$200 million, was approved in 2006 with the objective of financing BCR's working capital, strengthen its liquidity management and increase the maturity of the institution's debt.
On this occasion, CABEI Country Manager for El Salvador, Mr. Raúl Castaneda Trabanino, highlighted that the Bank continually reaffirms its commitment to work towards improving the living conditions of inhabitants of its member countries.
