INDUSTRIAL CREDIT

closed

The proposed loan would support the Government's strategy and measures it is taking to promote non-traditional industrial exports outside CACM for the efficient growth of industry by: (i) providing technical assistance to help exporters of non-traditional products develop new markets outside the CACM; to strengthen the Government's export promotion policy framework and strategy; and to strengthen the capacity of BG and participating financial intermediaries to prepare, appraise and supervise projects. It also intends to: (ii) provide medium- and long-term credit and foreign exchange for financially and economically sound industrial reconversion or expansion projects. By providing enterprises with technical assistance, credit and foreign exchange, the proposed loan is expected to generate employment, income and a more rapid expansion of non-traditional exports than might otherwise be possible.