US$ 200.0 million. CABEI provides contingent credit line to Nicaraguan central bank
Managua, Nicaragua September 22, 2014. - the president of the Nicaraguan central bank (BCN) and the director for Nicaragua of the Central American Bank For Economic Integration (CABEI) signed the fifth renewal of contingent credit line no. 2002 for an amount of $200.0 million. The credit line was approved in august 2009 to support the BCN’s liquidity management in the face of the international financial crisis.
The credit line is immediately available and will be disbursed when the BCN considers it necessary. The prolonged economic recession of the global economy and the presence of other recessive factors in the central american economies present real threats to the financial stability of these countries. This is the justification for renewing this facility in response to a request from the Nicaraguan government.
Esta línea de crédito es de disponibilidad inmediata, y se hará efectiva en el momento que la autoridad monetaria considere oportuno. La prolongada recesión económica de la economía mundial y la presencia de otros factores recesivos en las economías centroamericanas, son amenazas reales contra la estabilidad financiera de estos países, lo que justifica la renovación de esta facilidad crediticia brindada por el bcie, en repuesta a la solicitud del gobierno de nicaragua.
