Four More
Cases of AH1N1 Reported In the Last 24
Hours: Total Now 37
82% Of Properties Do
Not Pay Municipal Property Taxes
Indigenous People
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Build Temporary Housing in Costa Rica
IIC Approves Loan To Scotia Leasing
Companies in Central America
Guatemala
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Cellular
Telephones With Connection Problems
IIC Approves Loan To Scotia Leasing
Companies in Central America
The Inter-American Investment Corporation (IIC)
approved a loan of up to US$10,000,000 to
Scotia Leasing Costa Rica S.A., Scotia
Leasing Guatemala S.A., Scotia Leasing
Honduras S.A., and Scotia Leasing Panamá
S.A.
Scotia Leasing Costa Rica S.A, formerly
Arrendadora Interfin S.A., is Costa Rica’s
oldest leasing company and the one with the
largest market share. It is a subsidiary of
The Bank of Nova Scotia, one of North
America’s premier financial institutions and
Canada’s most international bank. The
expertise Scotia Leasing gained in Costa
Rica enabled it to operate successfully
throughout Central America.
This new loan seeks to provide these leasing
companies in Central America with a source
of medium-term funding on appropriate terms
that they will channel to SMEs in Costa
Rica, Guatemala, Honduras, and Panama.
The proceeds will be used to fund projects
at up to US$500,000 each. The projects will
be structured as financial or operating
leasing agreements. It is estimated that
some sixty SMEs will benefit from this
operation.
The operation is particularly significant
because it will provide SMEs with more
financing on better terms, in the face of
current tight market liquidity.
The IIC is a multilateral financial
institution that is a member of the
Inter-American Development Bank (IDB) Group.
It provides financing (in the form of equity
investments, loans, guarantees, and other
instruments) and advisory services to
private enterprises in Latin America and the
Caribbean.
In 2008, the IIC reached US$1.5 billion in
assets and approved sixty-four operations
channeling US$300.5 million to SMEs in the
region. |
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