- 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
|Financing Type||Public Sector|
|Loan Administrator||OPEC Fund|
|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.