2024-05-19 21:43:11
The Central American Financial institution for Financial Integration (CABEI) introduced yesterday the discount of rates of interest relevant to loans granted to member international locations, transferring the efficiencies obtained from fundraising prices to the good thing about the borrowing international locations.
This motion represents the primary discount in charges since 2021. This downward adjustment is between 0.50% and 0.65%, relevant to present and new loans from the sovereign public sector which have an rate of interest scheme with a variable margin ( Time period SOFR + margin).
As detailed by the Govt President of CABEI, Gisela Sánchez, the loans eligible for this enchancment are roughly 120 operations that embody the portfolio already disbursed, the authorized loans pending disbursement and the approvals contemplated within the 2024 Annual Plan and that, in mixture, exceed the $12,000 million.
Likewise, Sánchez added that this discount in rates of interest on CABEI loans to international locations is a mirrored image of the continual enchancment within the Financial institution’s fundraising prices, significantly in bond points carried out in worldwide capital markets in the place we’re acknowledged as the very best danger in all of Latin America with an AA ranking.
The monetary establishment acknowledged that the target is to switch this profit to the international locations of the area, above all, contemplating the present context they face on account of excessive rates of interest derived from efforts to comprise inflationary pressures at a worldwide stage.