El Salvador: Measures to Boost Construction Sector

With the support of the Banco Multisectorial de Inversiones, the Chamber of Construction expects to boost the sector through the Financial System for Development.

Thursday, March 10, 2011

Emphasis will be given to micro and small enterprises so that they can access credit for their projects.

"Angel Diaz, vice president of the Salvadoran Chamber of Construction, CASALCO, explained that until now small companies have had trouble accessing credit from international banks due to conditions and requirements needed in order to approve loans," stated the article in Lapagina.com.sv.

More on this topic

More Funding Options for SMEs

March 2012

In Costa Rica an agreement between the Chamber of Commerce and the National Stock Exchange facilitates the capitalization of SMEs through the Alternative Market for Shares.

"The Market for Alternative Shares (MAPA in Spanish) is a platform for SMEs with high growth potential to become professional, and to raise capital through the private sale of shares.

IDB, BBVA Panama sign $15 million to boost lending for small business

March 2010

BBVAP and IDB signed documents for a $15 million loan to provide BBVAP with long-term funding to support its lending to small and medium-sized enterprises.

The IDB loan will allow BBVAP to significantly expand its lending to SMEs, a strategic sector for economic growth and job creation in Panama.

IDB loan to help BBVA Panama boost lending for small businesses

November 2009

The Inter-American Development Bank approved a $15 million loan to provide Banco Bilbao Vizcaya Argentaria (Panama), S.A. (BBVAP) with long-term funding to support its lending to small and medium-sized enterprises.

Additionally, the IDB helped catalyze a parallel US$25 million loan from the German development lender Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) to BBVAP, a unit of the Spanish Grupo BBVA.

SME Program Would Invest $400 Million

September 2009

The Government of El Salvador will reinforce financial and technical assistance for small and micro companies.

The search for financing sources is underway, told Mario Cerna, Commerce vice minister.

"He also said ... he intends to have ready, before the end of the year, a law project for micro and small enterprises. This project will provide mechanisms for real access to credit..."

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