Banco Centroamericano de Integración Económica, or CABEI, granted a $50.0 million global credit line to Panama-based Multibank Inc. meant to support foreign trade and small and medium-sized enterprise financing.

The credit line aims to strengthen trade in the region by offering support to the export sector, CABEI said in a statement. The credit line will also enable new financial products and services to financial intermediaries and small entrepreneurs.