The main objective of the transaction is to support trade finance activities in the Region. Banco Promerica joins the TFFP program as part of the Small Banks initiative program, an initiative that contemplates help small banks that usually don't have access to financing or that have not established any relationship with external banks, to develop that relationship and help develop the international trade among the SMEs on the region, as they are the banks closer to them.
|Subsector||TRADE-TRADE ADJUSTMENT ASSISTANCE|
|Approval Date||DEC 12, 2017|
|Contract Signature Date||DEC 12, 2017|
|IDB Financing *||1.63|
|Total Cost H||USD 3,000,000|
|Financing Type||Private Sector Loan|
|Reporting currency||USD - United States Dollar|
|Reporting Date||DEC 15, 2017|
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