Costa Rica: Reforms to SME Financing Mechanism

©image: Wade Morgen

In addition, the concept of differentiated regulation will be introduced and the role of Costa Rica's national learning institute (INA in Spanish) in carrying out business training will be clarified.

"The SBD began in 2008 with the creation of three funds: financing and liquidity, bonds and guarantees and business development services. Together these make up the National Development Trust (Finade in Spanish)," reports Elfinancierocr.com. "As of March 2010, this fund contained approximately $164 million while its investments were only $28 million".

Source: elfinancierocr.com

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Costa Rican Government Seeks Support for Development Banking

April 2009

The bill would request the transfer of a mandatory 5% of state and private bank profits to the Development Bank System.

The contributions would be for five years and in addition to the requirement established by existing law for banks to use 5% of their profits to create a fund to grant loans for development.

Productive Projects Pending Credit

May 2012

The Development Bank of El Salvador has received about 700 investment prospects recently and is preparing to grant loans starting from this May.

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Opposition to Chinese Hydroelectric Plant Builders

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A statement from the Costa Rican Chamber of Construction reads:

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Availability of Productive Financing Announced

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The Ministry of Economy of El Salvador has made available to employers a portfolio of funds to be disbursed during the year.

A press release from the Ministry of Economy of El Salvador reads:

Productive Development Fund (FONDEPRO) of the Ministry of Economy has made available to businesses, this January 20th , a portfolio of funds which are ready to be disbursed during the current year in order to improve competitiveness and create economic impact in El Salvador.