Facilitating credits for producers, as well as encouraging the production and marketing of honey, are some of the plans that the Salvadoran authorities have for the coming years.
The Ministry of Agriculture and Livestock (MAG) will implement the 2019-2028 Beekeeping Sector Policy, which was developed by the productive sector in the National Beekeeping Table, with financing from Swisscontact and the Inter-American Development Bank (IDB), through its innovation laboratory BID-LAB, informed an official source.
The Inter-American Development Bank has granted a loan that will be used to finance energy efficiency projects for small and medium-sized companies.
The funds for this loan come from the Green Climate Fund (GCF) and will be executed by the Development Bank of El Salvador (BANDESAL). The objective of the financing granted is to support the efforts being made by SMEs in El Salvador to reduce electricity consumption and limit greenhouse gas emissions, reported the Inter-American Development Bank (IDB).
The Latin American Bank for Foreign Trade has granted Dos Pinos a syndicated loan of $100 million over five years, for three of the companies belonging to the cooperative.
The loan to Cooperativa de Leche Dos Pinos was structured as a "Club Deal" between Bladex, Banco General, S.A. and Banistmo, S.A., who acted as co-structurers.Bladex also serves as the Administrative Agent at the facility.
In December 2016 the balance of the portfolio of loans granted by the financial system to private companies amounted to $5.63 billion, 7% more than in the same month in 2015.
From a report by the Superintendent of Financial System of El Salvador:
The Financial System Superintendency recorded in banks, cooperative banks and savings and credit societies (SAC) growth of 5.5% in loans granted, compared to December 2015, with this amount representing USD 12,409.5 million.
With a combination of debt and equity transfer, companies can diversify their sources of credit and improve the return on their investments.
This type of financing gives the creditor the option of converting debt to equity, ie, they can become an equity partner in a company or access the dividends of shares in the event of default.
This is how Roberto Ponce explains it in his article in Estrategiaynegocios.net, adding that "mezzanine is subordinated debt structure, unsecured and with ample grace periods, allowing companies to conserve cash and use it for aggressive growth."
Under an agreement between the Davivienda Bank and U.S. AID long-term loans to small and medium enterprises will be enabled.
The U.S. Agency for International Development (USAID) and Banco Davivienda Salvadoreño S.A. signed an agreement pledging to promote access to finance for Salvadoran SMEs in order to improve productivity and exports, one of the goals of the Partnership for Growth between El Salvador and the United States.
The Development Bank of Latin America has provided a loan of $300 million to the Spanish Official Credit Institute for promoting business development between Spain and Latin America.
From a press release issued by the Development Bank of Latin America (CAF):
CAF (Development Bank of Latin America) and the Official Credit Institute (ICO) today signed the granting of a loan for $300 million for the financing and provision of guarantees for Spanish and Latin American companies.
Central American financial institutions are offering their customers new financing alternatives.
The firm Invermaster has indicated that some seventy banks have $500 million to invest in companies in the region.
"One alternative that has gained importance, according to Invermaster, is 'mezzanine financing', an intermediate instrument between traditional debt and equity investment.
The Ministry of Economy has announced the availability of non-refundable co-financing line entitled: "Dynamic Start Up: Seed Capital."
A press release from the Ministry of Economy of El Salvador reads:
The Ministry of Economy (MINEC), through the Productive Development Fund (FONDEPRO) on October 12 announced to businesses, support institutions for start-ups, and the general public, the availability of a co-financed NON-REFUNDABLE line called: "Dynamic Start Ups: Seed Capital" with the aim of promoting economic development in the country, supporting innovative projects with growth potential, and competitive advantages.
Seminar covering best practices in agricultural value chains and financing its components.
The seminar is being organized to take place in Costa Rica in the second half of November, 2009.
The target audience will be representatives of financial entities active in the agricultural sector, non-financial companies with a stake in the sector (producers, cooperatives, processors, exporters, marketers, input suppliers), Government authorities, business chambers, non-governmental organizations, international organizations and academic the use of agricultural value chains as a mechanism for offering financial services to all the stakeholders involved.
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