$105 Million For Housing
Overseas Private
Investment Corporation (OPIC),
a US Government agency,
granted us$45 million to
Bank Lafise Costa Rica
and us$60 million to BAC
San José – both which
are private banks - to
improve their mortgage
portfolio through loans
for houses destined to
people of mid to low
income.
The loans will enjoy a
low fixed interest rate
and a 25-year term.
The funds are supplied
to the BAC on the
condition that it grant
loans for houses and for
the benefit of small and
medium firms who need to
expand their activities.
OPIC chief executive
Robert Mosbacher said
that these funds are
granted as part of the
Central
America-Dominican
Republic-United States
Free Trade Agreement (CAFTA). |
