MSMEs in El Salvador to Access Business Loans with IDB Support
January 16, 2023
The Inter-American Development Bank (IDB) has approved a $100 million loan to help micro, small, and medium-sized enterprises (MSMEs) in El Salvador thrive by expanding their access to medium- and long-term business loans. Specifically, the IDB funds will finance lines of credit from the Banco de Desarrollo de la República de El Salvador (BANDESAL) that are designed for intermediary financial institutions, which in turn can offer loans to the enterprises themselves.
Chile to Bolster Productivity and Sustainable Development with IDB Support
December 07, 2022
The Inter-American Development Bank approved a line of credit for investment projects of up to $1 billion to increase productivity and promote sustainable development in Chile, with a focus on finance, climate action, and internationalization. The bank also authorized a first $400 million operation under that line of credit to ramp up the productivity of the country's micro, small and medium-sized enterprises (MSMEs).
Ecuador to Increase Financing to MSMEs with $300 Million IDB Loan
November 30, 2022
The Inter-American Development Bank (IDB) has approved a $300 million loan to support the post-pandemic economic recovery of Ecuador's micro, small and medium-sized enterprises (MSMEs) by expanding their access to credit.
Ilan Goldfajn Elected IDB President
November 20, 2022
(Updated to add the starting date) Ilan Goldfajn was elected president of the Inter-American Development Bank (IDB) today during a Special Meeting of the Bank’s Board of Governors. The meeting was held at IDB Headquarters in Washington, D.C., with delegations attending virtually and in person. Nominated by Brazil, Goldfajn will take office for a five-year term on December 19, 2022.
Belize to Promote Digital Innovation, Spur Economic Growth with $10 Million IDB Loan
November 15, 2022
Belize will promote the digitalization of companies and government services, and boost local economic growth, financed by a $10 million loan from the Inter-American Development Bank.
State of São Paulo to Boost Sustainability of Municipalities and MSMEs with IDB Loan
October 28, 2022
The Inter-American Development Bank (IBD) approved a $110 million loan to the Desenvolve São Paulo development agency in Brazil to finance the sustainable projects of municipalities and micro, small, and medium-sized enterprises (MSMEs) in the state of São Paulo. The operation aims to helps close infrastructure financing gaps and stimulate a sustainable economic recovery that in the country.
Caribbean Development Bank will promote Eastern Caribbean MSMEs with IDB support
October 03, 2022
The Inter-American Development Bank (IDB) approved a US$20 million loan to the Caribbean Development Bank to bolster private-sector development and boost the productivity of micro, small and medium-sized enterprises (MSMEs) in Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines, which are all eligible members of the Organization of Eastern Caribbean States.
Argentina's Neuquén Province to Provide Financing to MSMEs, with IDB Support
October 03, 2022
The Inter-American Development Bank (IDB) approved a $40 million loan to grant productive financing to micro-, small-, and medium-size enterprises (MSMEs) in the Province of Neuquén, Argentina. The operation aims to help Neuquén restore production and provide sustainable jobs.
IDB Loans Peru $100 Million to Boost Credit for Women’s MSMEs
September 29, 2022
The Inter-American Development Bank (IDB) granted a $100 million loan to Peru's Corporación Financiera de Desarrollo to allow more micro, small, and medium-sized enterprises (MSMEs), particularly those owned or led by women, to secure financing for productive investment.
Small Businesses Turn to Fintechs to Bridge Funding Gap in Latin America
August 30, 2022
Joint study by University of Cambridge and Inter-American Development Bank shows that firms accessing fintech credit became more resilient, maintaining or increasing jobs, income, and sales.