COFINA-DFC

closed

The Development Banking Project will assist the Government in its efforts to stimulate the recovery of private investment and to promote the role of the financial sector in the development of the country. The project would finance the estimated foreign exchange component of subloans and equity investments for the acquisition of fixed assets and permanent working capital by productive private and public sector enterprises in the manufacturing, service and tourism sectors. COFINA would be permitted to related to the Government up to US$1 million to support a small-scale industry lending program after the Bank has reviewed and satisfied itself on the scope of the program and the nature of the on-lending arrangements. In addition, the project would provide financing for a training program for COFINA's staff.