1998News

CFI wants to privatize state free zones

Talks are being held between the Interamerican Development Bank and the Corporación de Fomento Industrial (CFI), which operates several industrial free zones, to privatize these. Jose Tomas Perez, director of the CFI told the Listin Diario that the institution has requested the assistance of the IDB to this end. The CFI would like to use the monies obtained to build other large industrial projects, to make loans to small and medium sized industries, finance exports, as well as to assist the free zone industries to renew their production processes.