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Article: Latin American Economic News Briefs (1)
- Article from:
- Xinhua News Agency
- Article date:
- February 11, 1997
CopyrightCopyright 1997 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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The following are the major economic news briefs from Latin
American countries over the past few days:
HAVANA The Nueva Banca, a Cuban financial group, and the
Commonwealth Development Corporation (CDC) of Great Britain, agreed
to set up a mixed financial venture "Caribbean Finance Investment
Ltd." on the Cuban island to provide medium-term financing,
according to the Banco Nacional de Cuba.
The mixed financial venture will operate with five million U.S.
dollars of which 60 percent will be provided by the CDC and the
remaining 40 percent by the Cuban group. Furthermore, the CDC will
grant the new company a medium-term credit line of another 15
million
dollars.
MANAGUA Nicaraguan sugar ...