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Support grows for Costa Rican small firms

Tuesday, November 4, 2014


 

The Central American Bank for Economic Integration, CABEI, has signed an accord with Costa Rica for credit worth $2 million to support the country's small and medium enterprises.

The agreement will give small firms preferential access to credit, and CABEI said it expects to help with the creation of jobs in the country.

The move comes after proposed reform of Costa Rica's development bank system, which will give small companies, farmers, young entrepreneurs and female-led firms access to credit at interest rates lower than the market average, Costa Rican daily La República reported.

Full story (in Spanish)