$17 Million for Economic Development in El Salvador

Businesses that operate in the northern zone of the country can access lines of credit in order to invest in or expand their operations.

Friday, December 12, 2008

Daniel Choto writes in an article on Elsalvador.com: "Starting now, businesses interested in investing in or expanding their projects in the northern zone of the country have a new ally, the Northern Development Trust Fund (Fidenorte, acronym in Spanish) due to the $17 million allocated yesterday by Fomilenio and Banco Multisectorial de Inversiones (BMI).

This will finance the purchase of capital and infrastructure, livestock raising, crop farming (except forestry), greenhouse production, the creation of new product lines (including the industrialization of agricultural raw materials) and technological modernization of businesses, among other things.”

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