Nicaragua Ensures Liquidity of National Banks

With the creation of a Special Assistance Line (Lafex), the Central Bank could rescue domestic financial institutions that are having liquidity problems.

Wednesday, March 11, 2009

Antenor Rosales told Laprensa.com.ni: "It is one of the efforts of the Government, particularly the Nicaraguan Central Bank, to ensure all measures that guarantee a financial system that has solvency and liquidity. It is not about a fund in particular, but a dedicated line that gives these entities security so that they can continue to lend."

More on this topic

Businessmen Hope for Continuity at Central Bank

February 2012

Business leaders are hoping that the Central Bank of Nicaragua will continue to maintain its independence from the central government after the departure of Antenor Rosales.

COSEP president, Jose Adan Aguerri regretted the resignation of Antenor Rosales as head of the Central Bank and hopes that the Government aspires to appoint officials who are not "puppets".

IDB backs $150 million Regional Financing Facility for Sugar and Bioenergy

February 2009

Program will focus on northeastern Brazil, Mexico and Central America.

The Inter-American Development Bank will support the establishment of a $150 million facility to provide short-term trade financing and medium-term investment loans to sugar and bioenergy companies and exporters in Brazil, Mexico and Central America.

Nicaragua: New line of credit for rural micro businesses

August 2008

The Central American Bank for Economic Integration (BCIE) granted a $2 million credit to Fundeser to finance small farmers and micro businessmen from both rural and urban areas.

This loan was granted to the Foundation for Socio-Economic and Rural Development and is a part of the expansion of a previous contract. Fundeser has a network of agencies in 22 municipalities.

We will back efforts by Honduras to avoid economic chaos, says IDB representative

May 2008

Steven Stone, the Inter-American Development Bank (IDB) representative in Honduras said the bank will do all it can to support measures that avoid economic turmoil.

The IDB is the principal institution in providing economic aid to Honduras. Stone said that economic chaos would mean more unemployment, greater poverty and the collapse of production.

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