Macroeconomy/Finance

Banks propose $2 billion funds with state guarantee

The Association of Private Banks of Bolivia (Asoban) proposes a two billion dollar fund with the guarantee of the State to support the different sectors and reactivate the economy. It is the estimate of additional resources to the $500 million that the State channels to revive the economy and to give credit to companies, micro, medium and small enterprises. So far, it has not yet seen one cent of the Bs 1.5 billion ($215.5 mn) that should be channelled to productive units from the Banco de Desarrollo Productivo (BDP) through financial entities.

Source: Página Siete