IDB backs small business loans in Brazil

IDB backs small business loans in Brazil

Loans Economy & Policy Coronavirus Brazil US

The Inter-American Development Bank (IDB) said Wednesday that it approved a $200 million loan to provide guarantees for loans to small businesses in Brazil. The 25-year loan, granted through the IDB's Emergency Access to Credit Program, aims to help small and medium-sized enterprises (SMEs) secure loans to solve temporary liquidity problems during the COVID-19 pandemic, the Washington DC-based development bank said. The loan carries a spread based on Libor and comes with a 5.5-year grace period.

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial