By Jozef Henriquez, Head of Syndications and Kristin Dacey, Syndications Officer, Inter-American Development Bank (IDB)
Deals dont happen for a lot of reasons: the risk is too great, the structure doesnt work, the process is too complex. Or maybe the companies and the lenders simply dont know each other.The Inter-American Development Banks syndicated B Loan program is changing that. Companies in the region may be hurting for credit, and international lenders may still be leery of making commitments. But this Washington, D.C.-based multilateral is using its expanded financial toolkit to make deals happen that would have been impossible without the banks participation. It has proven to be good for the companies and good for the lenders. Furthermore, and through the loan program, the IDB is raising the comfort level for companies and lenders while marshaling many millions for economic and social developmentThrough the B Loan program, more than 100 international banks...
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