Central America to Receive $40.5 Million Loan

THE Central American Bank ofEconomic Integration (CABEI) hasapproved a $40.5 million loan for theCosta Rican, Salvadoran, Honduran andNicaraguan private financial sectors.The funds were approved as part ofthe bank’s credit programs for theregion. Within the framework of theseprograms, CABEI resources can be usedto finance specific short- and long-termprojects, corporate credits and foreign tradeoperations.Of the total approved funds, theamount of $20 million was authorized forthe regional Cuscatlán Bank through aglobal credit line, while $10 million wereauthorized for Cuscatlán Costa Rica.A $10 million credit was alsoapproved for the regional BANISTMOBank of Nicaragua, and $500,000 went toa credit institution in El Salvador.