CAF, the development bank of Latin America, approved a credit line for a value of 1,000 million dollars aimed at strengthening the health sector in the region, as well as improving access to treatments, medical procedures and access to a or more vaccines against covid-19, in addition to the acquisition of supplies necessary for the vaccine to be effectively applied, according to a statement.

This line may also be aimed at strengthening epidemiological surveillance and the response capacity of the health system, the incorporation of technologies and the reestablishment of normal operating conditions of health services, among others.

“We continue to offer agile and efficient financing facilities to support the management being carried out by the authorities in the 19 member countries in their vaccination plans and the strengthening of the health sector to improve the well-being of the population,” explained the executive president of CAF, Luis Carranza.

On the other hand, the extraordinary shareholders’ meeting has approved the entry of Costa Rica and Mexico as full members of the multilateral institution, which will mean that the countries have greater access to long-term financial resources, as well as technical cooperation for their sustainable development.

For CAF, this strengthening of assets will allow it to sustain the bank’s operational growth so that it can continue to maximize its impact on the development of the countries.

K. Tovar

Source: dpa

La entrada CAF will provide support to Latin America in vaccination and the health system apareció primero en Bitfinance.

The board of the Central Bank of Chile unanimously decided to maintain interest rates at the level of 0.5 % and to adapt a new credit assistance program of up to 10 billion dollars, through the financing line conditioned to the increase of placements.

In its last monetary policy meeting, the institution highlighted the gradual economic recovery of the Andean country, highlighting the dynamics of trade, in contrast to the “lag” of the services sector.

In this context, he indicated that it will maintain the level of 0.5 % for practically the next two years, in line with a “highly expansionary” monetary policy.

Regarding the facility for financing conditional on the increase in loans, the board of the Central Bank has agreed to open a third stage that contemplates an amount of 10 billion dollars and a term of six months.

The council understands that this new stage of the facility responds to the financial needs of the companies, complementing the recently approved Fogape-Reactiva program, especially in its refinancing line. Likewise, the agency will maintain the reinvestment policy of the bank bond stock program announced in December.

K. Tovar

Source: Notiamerica

La entrada Central Bank of Chile maintains the interest rate at 0.5 % apareció primero en Bitfinance.