Provides financing to enable borrowers to on-lend and/or issue guarantees to support the financing of multi-sector projects, either directly or through sectoral ministries, public development banks (national or subnational), similar agencies, or financing vehicles managed by these entities, when project size does not warrant direct Bank handling.
It seeks to: (i) increase the supply of and access to credit to finance investment projects; (ii) encourage GCR executing agencies to develop effective public policies that channel financing towards productive investments by end-beneficiaries, including direct or indirect mobilization of private capital and strengthening of domestic financial and capital markets; and (iii) strengthen the technical, economic, financial, administrative, and managerial aspects of GCR executing agencies enabling them to effectively fulfill their mandates and achieve to attain permanence, continuity, and long-term financial viability.
Examples: Increasing productivity of women-owned businesses through investments in innovation and entrepreneurship.
Lending rate: SOFR base rate + IDB Ordinary Capital variable lending spread:
SOFR base rate is USD SOFR daily overnight compounded rate + IDB's funding margin. Funding margin for 1st quarter 2026 is 41 bps.
IDB’s Ordinary Capital lending spread - for 2026 is 80 bps.
Fees: Commitment fee 50 bps; applicable on undisbursed loan amount and starts to accrue 60 days after loan contract signature.
Interest and Currency conversion options are available.
For applicable loan charges and conversion option fees, please refer to www.iadb.org/rates
Flexible repayment options subject to a maximum maturity of 25 years, and maximum Weighted Average Life (WAL) of 15.25 years.
Standard Grace Period: 5.5 years.
Standard amortization schedule (semiannual, straight-line payments), bullet repayment structures, extended grace periods, uneven amortization schedules, and shorter repayment periods are available without additional cost.
Post-disaster response activities
Immediate Response Facility for Emergencies caused by disasters
(IRF)
Risk of investment projects
Partial Credit Guarantees
(PCG)
Sovereign non-performance risks leading to debt default
Political Risk Guarantees
(PRG)
Investments with defined objectives and scopes
Specific Investment Loans
(ESP)
Contingent credit line for immediate response after a disaster
Contingent Credit Facility for Natural Disaster and Public Health Emergencies
(CCF)
Results of an existing or new government program
Results-Based Loans
(LBR)
Small independent investment projects
Multiple Works Financing
(GOM)
Loans to small and medium-size enterprises
Global Credit Financing
(GCR)
Transfer of technical know-how
Reimbursable Technical Cooperation
(TCR)
Project's preparation and start of activities
Projects Preparation, Execution and Evaluation Facility
(PROPEF)
Credit line with a framework for a series of operations
Conditional Credit Line for Integrated Projects
(CCLIP)
Investment Financing with Deferred Drawdown Option
Investment Financing with Deferred Drawdown Option
(IF-DDO)
Investment Guarantee
Investment Guarantee
(GUA)
The project aimed to enhance access to medium and long-term financing for MSMEs in Brazil. Executed through BNDES, the initiative channeled $750 million to support productive investments by MSMEs, fostering growth, job creation, and productivity. The funds were distributed via innovative digital platforms and financial agents, reaching 20,971 beneficiaries.
The program strengthened financial inclusion for MSMEs, with a 99.5% increase in digital channel use for credit access. It also improved credit distribution in vulnerable regions, achieving 27.9% of total credit. The initiative contributed to a 4% employment growth and 3-5% revenue increase for supported MSMEs. Additionally, 15% of beneficiaries were women-led enterprises, and $242.3 million was allocated to socially vulnerable areas. The digital transformation of BNDES further streamlined financial processes, promoting long-term financial sustainability.
This project supported the sustainability of Micro, Small, and Medium Enterprises (MSMEs) in Uruguay during the COVID-19 crisis. With $80 million in funding, the program aimed to improve short-term financial stability and promote economic recovery for MSMEs through enhanced access to credit guarantees. It was executed by CONAFIN AFISA and provided guarantees for both short-term liquidity and medium-term recovery financing, achieving a remarkable allocation of all funds within three months.
The program bolstered MSME resilience, maintaining employment levels and supporting financial stability during the pandemic. It allocated $80 million to credit guarantees, leveraged to secure $370.5 million in loans. Notably, the program reduced the relative arrears rate to 0.82% within 18 months, outperforming expectations. It facilitated better loan conditions, including longer terms and lower interest rates, resulting in significant financial relief. Additionally, it demonstrated an innovative approach to leveraging public-private mechanisms to protect vulnerable sectors during crises.