Salvadoran Developers Look Abroad for Loans

©image: Quinn Dombrowski

Mario Rivera, president of the Salvadoran Construction Chamber (Casalco), commented that it is not yet possible to access credits from the guarantee fund set up through a trust by the Multisectorial Bank of Investments (BMI).

In Laprensagrafica.com he is reported as saying that, “We can’t even get credit with a guarantee. There are two projects, one for $2.3 million and another for $1.4 million, and we are providing a large part of the capital”.

Source: laprensagrafica.com

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Mario Rivera is the President of Casalco, the Salvadoran Construction Chamber. He argues the government's anti-crisis plan does help his sector, but it is not enough.