At the end of August, the National Government together with Asobancaria launched a strategy through which $55 billion were injected into banking entities in order to grant new credits to various segments of the economy.
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This Credit Pact strategy is aimed at five sectors, these include: housing, manufacturing, agriculture, popular economy and tourism.
This strategy came into effect in September of this year and these $55 billion are added to the $194 billion that have been granted in credits in the last 19 months. As things stand, they are expected to reach $249 billion in the next 17 months.
Regarding the breakdown by sectors, it is projected that the five sectors that will have these resources are expected to grant an amount of $40.6 billion for housing, manufacturing $163.4 billion, agriculture $32.1 billion, popular economy $4, 1 billion and tourism $8.4 billion at the end of this period of time.
In one month, $10.6 billion have been disbursed
According to the figures provided by Asobancaria and the Ministry of Finance, in the first month of entry into force, $10.6 billion have been delivered. This has represented a 26% growth in disbursements in these five sectors compared to what was reported a year ago.
Those $10.6 billion were delivered with $6.7 billion for manufacturing, $2.2 billion for housing and $330 billion for tourism.
LEIDY RUIZ
Journalist Portfolio
