The Development Bank of Latin America (CAF) approved granting a $137 million loan to Ecuador's largest banking institution, Banco Pichincha.
According to the regional organization, the funds will be used to "promote inclusive and sustainable growth in the Ecuadorian productive sector."
The bank…
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El Salvador abandons Bitcoin and returns to an economy based on the US dollar
The president of El Salvador, Nayib Bukele, announced at the end of last December the end of the use of Bitcoin as official currency. The measure was imposed by the International Monetary Fund after reaching an agreement to grant the…
CAF grants loan to Argentina for USD 960 million to pay the IMF
In the midst of a severe financial crisis, Argentina received a loan from the CAF for USD 960 million to pay the International Monetary Fund, as indicated by the Central Bank.
Spokespersons for the organization indicated that the country…
World Bank approved a loan for Ecuador’s education
In an important announcement, the World Bank approved a loan worth $190 million for the execution of an ambitious project to improve educational quality in Ecuador. This project, which will focus especially on rural areas of the country,…
Argentina and Brazil signed a historic pact to boost trade
In an announcement that resonated with great importance, Argentina and Brazil closed a pact of historical relevance on Tuesday. The Development Bank of Latin America-CAF played a crucial role by offering guarantees for a value of 600…
IDB will boost the economy and technology in Argentina
The Inter-American Development Bank (IDB) approved a US$35 million loan for Argentina's Knowledge Economy Export Support Program to assist the country by providing human capital and developing and adopting technologies based on knowledge in…
The IDB will finance El Salvador with 92 million euros
The Inter-American Development Bank (IDB) has approved a loan for El Salvador for a total amount of 100 million dollars (92.3 million euros) to support the growth of micro, small and medium-sized companies in the country, in line with…
Brussels disburses 1 billion euros in aid to Ukraine
The economic vice-president of the European Commission, Valdis Dombrovskis, announced on Monday that "this payment of 1,000 million euros is the first part of our macro-financial assistance package of 9,000 million euros to help Ukraine…
CAF approves seven loans for the economic recovery of Latin America
CAF approved the disbursement of 1,650 million dollars corresponding to seven loans destined to support the economic development of Latin America and the Caribbean, with Argentina, Brazil, Paraguay, Peru and Trinidad and Tobago as…
IDB grants loan to Chile for energy transition
The Inter-American Development Bank (IDB) approved a $300 million loan to support the energy transition process in Chile, according to a statement.
This is the second and last operation of a policy reform support program in the Andean…
Goldman Sachs granted a loan to Coinbase
Cryptocurrency exchange Coinbase recently revealed that it secured special bitcoin-backed funding from Goldman Sachs.
The objective of this transaction was generated to strengthen the ties between the world of digital assets and…
IMF will provide economic support to Panama
The International Monetary Fund (IMF) has approved a precautionary and liquidity line of $ 2.7 billion in favor of Panama to face the Covid-19 pandemic and act as insurance in case of extreme external impacts, as reported by the agency…