The Republic of El Salvador, with the support of CABEI, benefits more than 78,000 MSMEs affected by COVID-19
San Salvador, January 13, 2022.- A new disbursement of $100.9 million from the Support Program for Economic Recovery Measures Implemented to Benefit Businesses and Employment Affected by COVID-19 has been made by the Central American Bank for Economic Integration ( CABEI) to support 78,781 micro, small and medium enterprises. (MSMEs) affected by the pandemic.
With this third amount, CABEI has disbursed $541.9 million of the largest financing total approved for a member country in the Bank’s history of $600 million, or 90.3%.
“CABEI’s support to its member countries during the crisis has been overwhelming, both in terms of health and economic recovery, and we have provided agile and effective responses. We look forward to the rapid completion of this important financing for one of the engines of the Salvadoran economy, such as MSMEs”, said CABEI Executive Chairman Dante Mossi.
Thanks to this operation, the Republic of El Salvador has successfully implemented the programs of this project, benefiting 43,813 entrepreneurs with financing on favorable terms and 34,968 with grants. Among them: MSMEs, artisans, artists, fishermen, taxi drivers, school transport and people with disabilities, among others.
Through the aforementioned programs, created by the government for the formal and informal sectors, we are contributing to the reactivation of productivity and the reduction of the negative impacts caused by the pandemic.
BCIE – Central American Bank of Economic Integration published this content on January 13, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on January 14, 2022 22:54:09 UTC.