LatinNews Daily - 03 February 2023

In brief: Gov’t loans aim to boost Ecuador’s tourism industry

* Ecuador’s tourism ministry has announced that the government will provide US$20m in loans for the tourism sector as of its ‘Reactivate Tourism’ initiative. Loans of between US$5,000 and US$20,000 will be available for businesses which earned between US$20,000 and US$100,000 in the past year. The loans will have an interest rate of 5% and fall due in ten years, with a one year grace period. The government funds form part of a wider scheme funded by the state development bank Banecuador, which plans to issue a total of US$100m in loans for businesses in various sectors.

End of preview - This article contains approximately 106 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.