$175 Million for Salvadoran Export Sector

The government presented its "National Export Strategy" in which it plans to invest $175 million during its five year mandate.

Thursday, July 8, 2010

The funds come from the national budget in addition to a $40 million loan from the Inter-American Development Bank (IDB), commented the Secretariat to the Presidency.

The presentation made no mention of how much the annual investment will be.

What was mentioned was access to credit. Ricardo Mora, president of the Multisectorial Bank of Investments (BMI), highlighted to Elsalvador.com that there is already a $20 million trust that acts as a fund to guarantee exports.

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