Salvadoran industrial companies present plan for crisis

The plan proposes the creation of a development bank that would offer direct lines of credit to help drive growth in the sector.

Wednesday, December 17, 2008

The Salvadoran Association of Industrial Companies (ASI) presented the 12-measure proposal that is urgently needed to deal with the crisis.

Napoleon Guerrero, president of ASI, explained that the creation of the financial institution is needed to reform the law that regulates the Mortgage Bank and the Bank for Agricultural Development (BFA) in order to capitalize them and expand financial coverage for the industry.

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