December 17, 2020
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
IDB's private sector division supplies $20 mln in a three-year loan to Atlantic Bank