Fitch: The worse part of the crisis has still not arrived to El SalvadorFitch warns that credit restrictions will stop private investment and, with that, economic activity will decline.Thursday, February 19, 2009 ![]() Elsalvador.com publishes in its website: "The executive director of the risk assessors, Fitch Ratings, Mauricio Choussy, calculated that the crisis will have a transfer delay of some three quarters from the United States to the Central American region, a forecast that was confirmed by the former minister of the Salvadorian Economy, Yolanda de Gavidia, ´I believe that El Salvador has not yet felt the worse part and my perception is that it is going to be in the upcoming second semester that we are going to feel it,´ she affirmed." Source: elsalvador.com BM Will Contribute $3 Billion to Central AmericaFebruary 2009 To address the economic crisis that affects the region, the World Bank will contribute $3 billion this year. Guatemala: Coffee Growers Get CreditJuly 2011 The Trust for financial support for the coffee sector has made $38 million available for financing the sector. Defaults Increase in the Banking Credit Sector in El SalvadorFebruary 2009 The December 2008 credit default index was 2.79%, according to data from the Salvadorian Banking Association (ABANSA). Demand for Micro-Credit down 25% in El SalvadorNovember 2009 Micro financing companies reported a 25% reduction in credit requests by Small and Medium companies. |
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