BMI receives $10 million for housing in El Salvador

©image: www.bmi.gob.sv

BMI is a "second floor" banking institution that operates between the main providers of long-term funds for the nation's financial institutions.
CII, the financial arm of the Inter-American Development Bank (IADB), revealed that this project complements the financing of the multilateral organization approved last April 1, which consists of an A/B loan of 80 million dollars.
Loan A consists of an amount up to 65 million dollars, with 50 million financed by the IADB and 15 million provided by the CII.
Loan B will include the participation of other international institutions for a maximum amount of 15 million dollars.

Source: elsalvador.com

More on this topic

El Salvador: $ 15 Million for Housing Loans

November 2010

Multi-sector Investment Bank (BMI) has launched a line of credit for home purchase or remodeling.

Funding is through financial intermediaries (commercial banks or credit unions).

Ricardo Vega, BMI official said the new credit line aims to address two different niches.

Banco Promerica de Costa Rica to increase mortgages and loans for green projects with IDB support

September 2010

$15 million IDB loan is the first to a Costa Rican financial institution that seeks to expand its mortgage and green financing business

The Inter-American Development Bank (IDB) approved a $15 million loan to Banco Promerica de Costa Rica to help the bank expand its long-term mortgage operations and loans for environmentally sustainable projects.

El Salvador: $400 million for loans to productive sector

December 2008

The main condition from the IDB is that the BCR use the funds to create a short-term credit portfolio in the financial system for working capital and international trade.

The Central Bank indicated that the reserves will be available at participating financial institutions, who have responded positively to channeling the resources to production activities, including small businesses.

IDB, BBVA Panama sign $15 million to boost lending for small business

March 2010

BBVAP and IDB signed documents for a $15 million loan to provide BBVAP with long-term funding to support its lending to small and medium-sized enterprises.

The IDB loan will allow BBVAP to significantly expand its lending to SMEs, a strategic sector for economic growth and job creation in Panama.