Small firms offered US$1 million in loans for supplies to Café Britt

Small-business suppliers of Costa Rica's Café Britt travel, souvenir and coffee retailer are to be offered US$1 million in loans from the Central American Bank for Economic Integration (BCIE).

Monday, June 2, 2008

The loans are to be offered under an agreement between Café Britt and the BCIE. Café Britt will back the loans.

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Production Chains

October 2012

An international conference is to be held with the title of “Getting the most out of Global Value Chains: Opportunities and Challenges for Latin America.”

The Ministry of Foreign Trade (Comex), the Organization for Economic Cooperation and Development (OECD) and the Inter-American Development Bank (IDB) are inviting participants to the conference entitled: “Getting the most out of Global Value Chains: Opportunities and Challenges for Latin America.”

The IIC and Café Britt Costa Rica S.A. sign an agreement for a loan of up to US$4 million

July 2010

The Inter-American Investment Corporation (IIC) signed a loan agreement for up to US$4 million with Café Britt Costa Rica S.A., a subsidiary of Grupo Britt, N.V.

This IIC loan will provide Café Britt S.A. with appropriate permanent working capital financing that will help it plan its operating funding requirements at the regional level.

CABEI To Loan $1 Billion to Central America

December 2009

In 2010, the Central American Bank for Economic Integration (CABEI), will lend $1.038 million for development projects.

$370.8 million are earmarked for Costa Rica, $199.8 million for El Salvador, $173.2 million for Guatemala and $114.9 million for Nicaragua.

As for Honduras, Alfredo Ortuño, CABEI's director, explained that "...disbursements are on hold until the Central American Integration System (SICA) revokes a ruling enacted after the Honduran coup d'état. Nevertheless, the bank has earmarked $123.6 million to finance projects in the country".

El Salvador: BCIE launches the "Production Chain" program

August 2008

The Central American Banks for Economic Integration (BCIE) launched the "Production Chain" program to support small and medium businesses in conjunction with a private university.

The BCIE entered into an agreement with the Francisco Gavidia University of El Salvador so that small and medium-sized suppliers of the institution can obtain their payment in one day and therefore be able to reinvest their earnings and buy raw materials.

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