February 26, 2019 |
CABEI has secured a €80m ($90.9m) loan from the Spanish state-owned bank Instituto de Crédito Oficial (ICO) to support imports and exports by Spanish companies in Central America.
The Central American development said it can use the money from ICO to provide direct loans to companies or funnel the financing through other financial institutions.
CABEI also said it will some of the money to finance part of the six lane expansion of the first section of the Corredor de las Playas road project in
Central American development bank will use the money to support Spanish importers and exporters in the region