AIIB funds small business loans in Ecuador

AIIB funds small business loans in Ecuador

Loans Debt Project & Infrastructure Finance Ecuador China Asia Andean Coronavirus

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

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