IDB Invest funds SME loans in Belize

IDB Invest funds SME loans in Belize

Loans Belize Central America

IDB Invest, the private sector division of the Inter-American Development Bank (IDB) Group, has granted a three-year, $20 million loan for Atlantic Bank to increase financing for micro-, small and medium-sized enterprises (MSMEs) in Belize, especially in the tourism sector. MSMEs account for 70% of private-sector employment in Belize and "contribute significantly to the country's GDP," IDB Invest said in a press release on Wednesday. Those MSMEs, however, have limited access to financing, it add

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