Central America request support for microtourism

Central America has asked international credit organizations and related entities for a loan of one billion dollars to facilitate the development of micro businesses in the tourism sector.

Thursday, October 16, 2008

The proposal was made at the First Central American Forum on Financing for the Tourism Sector that was inaugurated yesterday in Honduras.
The region is currently one of those areas with the greatest potential for tourism growth on the global scale, hence the support of the projects by micro businesses has been set as the main pillar for consolidating the isthmus as a competitive destination, said Ricardo Martinez, Honduran Minister of Tourism.

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The Inter-American Development Bank approved a $45 million long-term loan to help finance the expansion of the Juan Santamaría International Airport in San José, Costa Rica, and support its new operator's plans to refinance debt.

IDB to help Nicaragua restore credit flow to the productive sector

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A $20 million credit line will channel funds to the financial system for onlending to micro-, small-, and mid-sized productive enterprises

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Honduras: $8 million for Banco de Occidente

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The funds will be used to finance agriculture, the environment, housing construction and for the municipalities in the country.

The loan, grated by the Central America Bank for Economic Integration (BCIE), was approved from the beginning of this year by Western Bank in order to facilitate the development of the sectors, indicated company president, Jorge Bueso.

Salvadoran Construction Chamber negotiates $50 million

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Ismael Nolasco, general manager of the Chamber, reported that the group is negotiating financing as a alternative fund for the reactivation of the sector.

The representative added that a draft financing project has been made with the International Investment Corporation of the IDB and with the World Bank.

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