ANNOUNCEMENT 15 Mar 2019

The government-funded National Financial Corporation (i.e. Corporacion Financiera Nacional in Spanish) has announced the allocation of USD 21 million to BIOALIMENTAR Cia. Ltda.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

National Financial Corporation. CorporaciĆ³n Financiera Nacional. Noticias. "CFN Financia moderna planta industrial en Tungurahua" de 15 de marzo de 2019. Available at: https://www.cfn.fin.ec/cfn-financia-moderna-planta-de-procesamiento-de-agroalimentos-en-tungurahua/

Inception date: 15 Mar 2019 | Removal date: open ended
Still in force

State loan

On 15 March 2019, the National Financial Corporation (i.e. Corporacion Financiera Nacional or CFN in Spanish), Ecuador's EXIM bank, has announced the allocation of USD 21 million to Bioalimentar Cia. Ltda., a local agribusiness dedicated to developing products for human, animal and agricultural nutrition, as well as other integral nutrition solutions.

The new resources will be used to purchase a poultry production plant, to boost the production of bio-eggs.  

AFFECTED SECTORS

 

AFFECTED PRODUCTS