With a $50 million loan from the IDB, the CMI Alimentos business group will expand its operations in Guatemala, El Salvador and Honduras.
The loan was placed through IDB Invest, a member of the Inter-American Development Bank (IDB) Group, and the operation is intended to finance fixed investments that will help CMI Alimentos continue improving its productivity.
Banco Cuscatlán approved a $10 million loan for the construction of part of the Ventus wind farm, which will have a capacity of 54 MW and will be in the municipality of Metapán.
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.
Banco Agromercantil de Guatemala announced a $43 million loan for the construction of part of the 54 MW Ventus wind farm to be located in the municipality of Metapán.
The Central American Bank for Economic Integration expanded the Social Fund for Housing's Global Line of Credit by $60 million to $100 million.
From the CABEI statement:
Tegucigalpa, May 24, 2019 - The Central American Bank for Economic Integration (CABEI) granted an extension to the Global Credit Line (LGC) of the Social Fund for Housing for US$ 60 million, the new amount is US$100 million.
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Producers in El Salvador asked President-elect Nayib Bukele to manage financing for the renovation of the farm, create a research center and protect the sector by regulating imports.
Through a letter sent to the president-elect on March 18, the Asociación Cafetalera de El Salvador (Acafesal) raised the need for $200 million in funding to renovate the coffee park.
For the construction guild, in El Salvador it is essential to improve the financing conditions offered by banks to give greater impetus to the construction of low-cost housing.
In December of last year, the Salvadoran Chamber of the Construction Industry (Casalco) announced that they were preparing a law proposal, which contemplated the approval of preferential interest rates on loans for home purchases.
With a loan from the BCIE, the Salvadoran government intends to finance a coffee renewal program, which would cover some 21,000 manzanas of crops.
The Central American Bank for Economic Integration (CABEI ) reported that the funds will be used to respond to the challenges of the coffee sector in El Salvador, supporting the renovation of 20,777.4 manzanas of the crop, contributing to the transfer of sustainable technologies, increasing the capacity of resilience and improving the institutionality related to coffee.
The Congress has ratified a loan with the Inter-American Development Bank to build two hospitals and make improvements to the health system.
The Legislative Assembly reported that "... After constant approaches to achieve the required consensus, the Legislative Assembly unanimously ratified the loan contract between the Executive and the Inter-American Development Bank (IDB) for $170 million to finance the Integrated Health Program II. With the resources it will be possible, among other things, to carry out construction of a new Rosales Hospital and a General Hospital in the northern zone of San Salvador in Nejapa."
$19 million is needed for the expansion of the cargo terminal at the Monseñor Romero Airport in El Salvador, and companies interested in participating in the public-private partnership are being sought.
Authorities at the Ministry of Public Works and Fomilienio II, informed that one of the projects that will be developed under the PPP modality is the "...Improvement of infrastructure, processes and equipment at the current AIESMOARG Cargo Terminal, to increasethe volume of import and export cargo byapproximately40%, which will allow a greater flow of goods and services. The project contemplates the possibility of expansion and construction of a Cargo Terminal."
$14 million will be allocated to renovating 50 thousand hectares of coffee plantations, with varieties less vulnerable to climate change and more resistant to diseases such as rust.
The head of the Colombian Ministry of Finance reported that "...
Congress has approved a loan to finance the development of an advanced computer platform and for rural road maintenance projects.
The Legislative Assembly of El Salvador reported that loan contracts to carry out government works were approved. According to a statement, "... a loan authorized to endow the tax strengthening program with resources will be signed by the Executive and the Inter-American Development Bank (IDB) for an amount of $30 million."
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