December 10, 2020
IDB Invest, the private sector division of the Inter-American Development Bank (IDB), has arranged $50 million in financing for the Panama-based boutique hotel chain Selina to add to liquidity during the COVID-19 pandemic.
"Tourism is a major contributor to economies and features high development income and in the context of the pandemic, tourism companies require liquidity to embrace the gradual recovery of the sector," IDB Invest said in a press release on Wednesday.
IDB Invest contributed $35
US-based multilateral lender includes Blue like an Orange in a $50 mln mezzanine facility for the Panama-based hotel chain