IDB and REDCAMIF sign microinsurance development deal for Central America
El Nuevo Diario, 27 August 2010
The Inter-American Development Bank (IDB) and REDCAMIF, a microfinance network for Central America are to implement a business model for the development of microinsurance in the region. The agreement signed is backed by a $2.4 million investment to develop the business model. The investment is secured by the IDB (70%) and the Luxembourg Government (30%).
El Nuevo Diario, Nicaragua, reports comments from IDB's Nicaraguan representative, Mirna Lievano de Márquez: "In Central America there are few insurance services aimed at micro-enterprises, hence the need to promote this area in view of the great work done by families working hard to support our economy".
English text source: CentralAmericaData
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