IFC funds liquidity lines from Produbanco

IFC funds liquidity lines from Produbanco

Loans Debt Coronavirus Ecuador Central America United States

The International Finance Corporation (IFC), part of the World Bank Group, said it has provided a $50 million loan for Ecuador's Produbanco to extend credit to companies affected by the COVID-19 pandemic. "The investment aims to help businesses with disrupted cash flows to continue operations, especially micro, small and medium enterprises (MSMEs) and women-owned MSMEs," IFC said in a press release on Wednesday. IFC granted the loan through a program that supplies $2 billion to banks in emerging

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