Global Credit Program for Safeguarding the Productive Fabric and Employment

The objective of this operation is to support the sustainability of the Micro, Small and Medium Enterprises (MSME) faced by the crisis of COVID-19 to maintain employment in Uruguay. The specific objectives are: (i) to support the short-term financial sustainability of MSME; and (ii) promote the economic recovery of MSME through access to productive financing.

Project Detail

Country

Uruguay

Project Number

UR-L1171

Approval Date

June 23, 2020

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

Investment Loan

Lending Instrument Code

INV

Modality

GCR (Global Credit Operation)

Facility Type

Environmental and Social Impact Category (ESIC)

Category B13: Uncategorized Directive B.13

Total Cost

USD 80,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 80,000,000.00