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LatinNews Daily - 10 September 2020
In brief: BCIE renews credit line with Nicaragua
* The Central American bank for economic integration (BCIE) and Nicaragua’s central bank (BCN) have signed the 11th renewal of a US$200m credit line which is aimed at strengthening the country's financial management, acting as a contingency if required and reinforcing Nicaragua’s liquidity position. According to a BCIE press release, the “revolving instrument is for one year, under favourable financial conditions, for immediate use and can be made effective whenever deemed necessary”. This follows the recent approval of a US$50m BCIE loan for Nicaragua, to help small and medium-sized enterprises (SMEs) affected by the impact of the coronavirus (Covid-19) pandemic.
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