Finance SMEs collection factoring liquidity (money) working capital Financing SMEs National Board for Micro, Small and Medium Enterprise (CONAMIPYME) Advice for SMEs Gilberto Alcócer Ley de Factura Cambiaria billing Agriculture Ana Rebeca Reyes Banking

Nicaragua: Exchangeable Invoice Law

The proposal has already been favorably reviewed by the Economic Committee of the National Assembly and its approval is expected next week.

Wednesday, September 1, 2010

©image: Iñaki Quenerapú

The law would make exchangeable invoices a legal proof of transactions, where they are issued between financial institutions and businesses seeking to acquire funds, particularly micro, small and medium sized enterprises (MSMEs).

"Gilberto Alcócer, president of the Nicaraguan MSME Council (Conimipyme in Spanish), estimates that once in force the law will enable approximately $50 million to be invested," reports Laprensa.com.ni.

Source: laprensa.com.ni

Key entities

Gilberto Alcócer National Board for Micro, Small and Medium Enterprise (CONAMIPYME)

Countries

Nicaragua

Insight

SMEs Financing SMEs Ley de Factura Cambiaria collection liquidity (money) working capital billing factoring Finance

Nicaragua Passes Exchangeable Invoices Law

November 2010

The new law will help raise funds primarily for small and medium enterprises.

"The text of the law refers to the currency bill as “a negotiable security, which will serve as legal support when transactions are issued between employers and a financial institution, if the purpose is to raise funds", published Laprensa.com.ni.

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