$ 45 Million for Regional SMEs
The Overseas Private Investment Corporation (OPIC) approved funding to Lafise Bank in order to support small and medium enterprises (SMEs) in the region.
Friday, October 22, 2010
With better access to long-term credit, small-scale farmers, manufacturers and owners of retail businesses will be able to grow faster and in turn support their local economies.
The IIC financing will create effective mechanisms to channel credits to SMEs in Panama.
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.
It is estimated that approximately 300 SMEs will benefit from this operation.
The IFC ratified agreements to support the expansion and capitalization of Ficohsa Bank.
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