The Economic Development Bank for Puerto Rico es, Banco de Desarrollo Económico para Puerto Rico (BDE) is a
government-owned corporation of Puerto Rico that provides
loan
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that ...
s,
loan guarantee
A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults. A guarantee can be limited or unlimited, making the guarantor liable for only a portion or all of the d ...
s, and funds to
private organizations whose economic activities have the effect of replacing
import
An import is the receiving country in an export from the sending country. Importation and exportation are the defining financial transactions of international trade.
In international trade, the importation and exportation of goods are limited ...
s in
Puerto Rico
Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and unincorporated ...
. The Bank was established by Law No. 22 of 1985.
References
External links
www.bde.pr.gov – official site
{{authority control
Government-owned corporations of Puerto Rico
Development in North America