Sudameris requests IDB Invest money

Sudameris requests IDB Invest money

Loans Debt Corporate & Sovereign Strategy Paraguay

Sudameris has asked IDB Invest for up to PYG300 million ($46.6 million) in financing to fund increased loans to micro, small and medium-sized enterprises (MSMEs) in Paraguay. IDB Invest's board is scheduled to review the proposal on February 6 next year, according to information on the multilateral lender's website. The loan will last as long as five-years with a two-year grace period, according to IDB Invest. In November last year, Sudameris received part of $100 million loan from the Overseas

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