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- Operations
- Economic Revitalisation Line of Credit for the National Bank of El Salvador - BANDESAL
Economic Revitalisation Line of Credit for the National Bank of El Salvador - BANDESAL
El Salvador
| Borrower | El Salvador |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Financial |
| Approved | 23.10.2020 |
| Signed | 04.10.2021 |
| Status | Ongoing |
| Loan Administrator | OPEC Fund |
| Executing Agency | BANDESAL |
| Co-financiers | IADB, EIB, Government, IBRD, CABEI |
| OPEC Fund Contribution (US$m) | 35.00 |
| Total Project Cost (US$m) | 600.00 |
This loan will benefit approximately 6,000 micro-, small-, and medium-sized enterprises (MSMEs). This strengthens the El Salvadoran government’s special trust fund, channeled through the National Development Bank of El-Salvador (BANDESAL), to provide support that includes subsidy programs for employees of MSMEs, loans to small- and medium-sized enterprises (SMEs) and a financing program for entrepreneurs as well as micro- and small-sized traders in the informal sector.