December 4, 2020
The Asian Infrastructure Investment Bank (AIIB) said it provided $50 million in financing for Ecuadorian development bank Corporación Financiera Nacional (CFN) to supply working capital loans to micro-, small and medium-sized enterprises (MSMEs) during the COVID-19 pandemic.
The loan, granted under the COVID-19 Crisis Recovery Facility (CRF), is the Beijing-based lender's first financing deal in Latin America, AIIB said in a press release on Thursday.
Financial institutions in Ecuador have restr
Beijing-based development provides $50 mln to CFN in its first financing deal in Latin America