Funding for Forestry Companies in Guatemala

A joint venture between IDB and financing company “Financiera de Occidente S.A.” will support the domestic rural forestry industry.

Tuesday, April 27, 2010

Luis Alejandro Mejía is the head of Eco-Business at Occidente Financial Group. He was quoted by Elperiodico.com.gt as saying that “this program is valuable because the resources donated by IDB will be used to create financial products with preferential rates”.

The program includes technical assistance by Rainforest Alliance Inc, and 72 companies from Petén, Izabal and Verapaz are expected to benefit from it.

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