Strengthening key sectors of the Nicaraguan economy
By Guy José Bendaña-Guerrero & Asociados
To promote the country's economic development, the Central American Bank for Economic Integration (CABEI) and Banco FICOHSA Nicaragua Limited Liability Company renewed a US$20 million global credit line.With these resources channeled through its allied financial institution, it plans to support micro, small and medium-sized enterprises (MSMEs), as well as other key sectors of the Nicaraguan economy that in recent years have suffered difficulties due to the COVID-19 pandemic.
"In compliance with our strategic objectives and through this operation, we continue to support the economic reactivation of various economic sectors in Nicaragua, promoting sustainable and equitable growth," said CABEI Executive President Dr. Dante Mossi.
CABEI's chief officer in Nicaragua, Carlos De Castilla, and the general manager of Banco Ficohsa in Nicaragua, Rubén Buitrago, participated in the formalization of this line of financing.
