$3 million for small and medium sized companies in Guatemala
The Inter-American Investment Corporation signed an agreement with the Eastern Financial Company to channel $3 million in credit for the companies.
Monday, December 15, 2008
Steven Reed, sub general manager of t he IIC, said that the agreement is very important due to the financial crisis and reaffirms the IDB's commitment to supporting the region during difficult times.
BBVAP and IDB signed documents for a $15 million loan to provide BBVAP with long-term funding to support its lending to small and medium-sized enterprises.
The Inter-American Investment Corporation (IIC) has authorized a credit line to BBVA Panamá with the aim of giving SMEs access to finance.
The Inter-American Development Bank approved a $15 million loan to provide Banco Bilbao Vizcaya Argentaria (Panama), S.A. (BBVAP) with long-term funding to support its lending to small and medium-sized enterprises.
The Inter-American Investment Corporation (IIC), an IDB affiliate, hopes to become a financial alternative for small and medium sized businesses.
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