Panama: Bureaucracy Blocking Agricultural CompetitivenessThe slow pace at which the Agricultural Development Bank operates forces producers to get finance from private institutions, paying higher rates.Friday, March 14, 2014
Although the Agricultural Development Bank (ADB) has pledged to cut the time it takes for a loan approval, from one and a half years to two months, it has not kept its promise. In 2013, the approval of agricultural loans declined by 22% compared to the previous year. Source: Prensa.com ¿Busca soluciones de inteligencia comercial para su empresa?Panama: $58 million for Loans to AgricultureAugust 2013 The Agricultural Development Bank has obtained a $58.2 million loan which will be dedicated to domestic producers for the fiscal year 2014. Costa Rica: Financing for Small IndustriesOctober 2012 The National Bank has $14 million from the System for Development Banking for small industrialists who have a capacity to pay, good credit and a clear plan of investment. IDB to help Nicaragua restore credit flow to the productive sectorOctober 2009 A $20 million credit line will channel funds to the financial system for onlending to micro-, small-, and mid-sized productive enterprises BANADESA Opens Lines of Credit in HondurasJune 2009 The government has provided the bank with $61 million so that producers and business people have access to credit.
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