Salvadoran Development Banking Law Comes into EffectFrom January 19th with the entry into force of the law to encourage development the Banco Multisectorial de Inversiones (Multisectoral Investment Bank) will operate as Banco de Desarrollo, (Development Bank or BDES).Thursday, January 5, 2012
The bank can then direct lending to small and medium enterprises (SMEs). At the moment it can only do so through lines opened by private banks. Source: elsalvador.com ¿Busca soluciones de inteligencia comercial para su empresa?Costa Rica: $320 million Still UnusedMay 2012 Changes to the law on development banking have suffered a delay of 5 months, which has prevented the use of $320 million. Credit for MSMEs in Costa RicaApril 2012 Increased credit is available for mini, small and medium enterprises in the Banco Popular and Banco Nacional in Costa Rica, bringing the amount available to $740 million. El Salvador: Credit to MSMEsFebruary 2012 The start of 2012 will see the launch of the new Development Banking System, which has $200 million in credit to support micro, small and medium enterprises. Development Banking Relaunched in El SalvadorFebruary 2011 Banco Multisectorial de Inversiones will become the Development Bank, with current capital of $ 202 million.
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