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- 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.