Central American tourism to get a piece of the Barcelonan financing pie

Barcelona’s Savings and Pensions Fund (known as Caixa) will shell out $30 million to bankroll industrial projects in Central America, including some in the field of tourism, the Central American Economic Integration Bank (BCIE) reportedly informed.

According to BCIE, the funds granted by Caixa will be funneled into a number of projects aimed at raising both productivity and competitiveness in Central America.

The financing agreement was inked last week by Guatemalan-born BCIE president Pablo Schneider and the heads of Caixa’s foreign and international trade financing divisions, Miguel Cayuela Naranjo and Jose Manuel Carreras respectively.

The press release issued by BCIE underlined the endorsement will stretch out for ten years, but no details on interest installments were revealed. The amount of $30 million will be poured into industrial development, tourism, infrastructure, energy and telecommunications.