A state-owned entrepreneurial entity attached to the Ministry of Economy that acts as a financial agency of the State. It has the legal personality of a credit institution and financial autonomy. It is financed in national and international markets through the issuance of fixed-income securities, but with the explicit, unconditional, and direct guarantee of the State. Its main objective is to promote economic activities that contribute to the growth and development of the country and to a better distribution of national wealth.
« Back to Glossary IndexICO (Institute of Official Credit)
« Back to Glossary Index