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I need help from a Mexican colleague - what does Fobaproa mean?
English translation: Fondo Bancario de Proteccion al Ahorro
21:51 Aug 30, 2000
Spanish to English translations [PRO] Bus/Financial
Spanish term or phrase:I need help from a Mexican colleague - what does Fobaproa mean?
In translating an analysis of the Mexican economy, I ran over the following sentence:
The domestic bank credit, which has been contracting in real terms since 1995, currently stands at a low 25% of GDP (13% of GDP excluding the Fobaproa-related portfolio).
I supose that "Fobaproa" is a kind of governmental program, and I would be grateful if anyone would be kind enough to explain what "Fobaproa" stands for.
Maria Local time: 17:42 Native speaker of: Spanish PRO pts in pair: 920
Thanks a million, Maria. If you need any help in Brazilian matters, don't hesitate in contacting me.
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