Banco Internacional Joins IDB Lending Program
Banco Internacional de Guatemala joined the Trade Finance Facilitation Program (TFFP) of the Inter-American Development Bank.
Monday, December 13, 2010
Through this program, the IDB provides guarantees and loans to cover the various types of guarantees required by international trade transactions.
Up until September government institutions had only executed 13% of the total amount of funding provided by the Inter-American Development Bank.
Between January and the first week of August 2010, the level of private capital increased from $6.8 to $7.4 billion.
Approved resources from an international loan will be allocated to infrastructure improvements at the customs offices of Peñas Blancas, San Pancho and Guasaule.
Chinese Loans in Latin America are concentrated in countries that have difficulty getting finance from institutions such as the World Bank and the IDB.
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