CABEI renews credit lines in El Salvador

CABEI renews credit lines in El Salvador

Loans Debt Economy & Policy Regulation El Salvador Central America

The Central American Bank for Economic Integration (CABEI) said it has renewed two lines of credit for $400m with El Salvador's central bank, or Banco Central de Reserva (BCR). The first loan for $200m, approved in May last year, falls under CABEI's program to support the financial systems in its founding countries. BCR will use the money to provide liquidity to solvent financial institutions that have temporary problems. The second loan for $200m, granted in 2006, will finance BCR's working c

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