Cabei, Bank Provide US$3.6mn for Rural Elec.
Bnamericas Published: Tuesday, December 12, 2000
The Central American Bank for Economic Integration (Cabei, TRADUCION: BCIE), Norwegian bank Eksporfinans and Norway's development cooperation agency will make a US$3.6mn loan for rural electrification in Honduras, according to a Cabei news release reported in Prensa Libre (Honduras). According to Cabei, Eksporfinans will provide US$2.6mn and the development agency the remaining US$1mn, in a 15-year loan with a four-year period of grace, at 7% annual interest during 18 months, and 1.35% thereafter.
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