The BCIE has awarded $25 000 which will benefit small and medium farmers at a rate of one dollar and five cents per household.
The BCIE press release states verbatim, "In order to promote Central America’s social and economic development and to reaffirm its commitment as the main source of resources for the MIPYME (Micro, Small and Medium Enterprises) of the region, the Central American Bank for Economic Integration (BCIE) has allocated $25,000 to the Government of El Salvador to be used to combat rural poverty”.
The regional financial entity revealed that the money will be handed over to the central banks to ease liquidity problems.
Details of the emergency program will be presented next Wednesday, November 19; however, Nick Rischbieth said that the $500 million will be divided in two lines of credit: one for liquidity and one for emergency.
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