January 29, 2020
Corporación Favorita, the largest supermarket chain in Ecuador, received $236 million in financing, led by IDB Invest, to buy more products in Ecuador and Panama, open new locations and generate renewable electricity, among other measures.
IDB Invest provided $230 million in financing, while the Canadian Climate Fund for the Private Sector in the Americas (C2F) contributed $5.5 million in uncommitted mixed financing, IDB Invest said in a press release.
IDB Invest added that the financing will pr
Ecuador's largest supermarket chain gets $235 mln from IDB Invest to buy more local products and open new locations