February 24, 2021
The Central American Bank for Economic Integration (CABEI) will lower lending rates for member nations by 0.1% on March 1, it said in a statement last week.
The lower rates will apply to 90 public-sector loans worth roughly $10 billion that charge interest based on Libor, CABEI CEO Dante Mossi said in the statement.
CABEI said it can afford to lower the rates after reducing its own funding costs, particularly in the international bond market. Earlier this month, for example, the Tegucigalpa-base
Central American development bank says it can afford to charge less after reducing its funding costs in the international bond market