IDB approves loan worth $100 million for Paraguay By Reuters

(Reuters) – The Inter-American Growth Financial institution (IDB) has accepted a mortgage price $100 million to Paraguay to assist the nation enhance its logistics efficiency and business integration, it mentioned in a press release.

In accordance with the assertion, dated Jan. 29 however printed on Saturday, the 20-year mortgage can have an SOFR rate of interest and can particularly profit micro, small and medium-sized companies within the nation.

The credit score accepted by the IDB will assist coverage reforms and is the primary in a collection of two consecutive loans technically linked to one another, though financed independently, the assertion added.

“This program will assist reforms to strengthen logistics administration and establishments facilitating commerce, increase sustainable funding in logistics infrastructure and providers, increase companies’ entry to worldwide markets, and promote overseas direct funding,” it mentioned.