Uruguay borrows from IDB for COVID-19 response

Uruguay borrows from IDB for COVID-19 response

Loans Corporate & Sovereign Strategy Debt Uruguay US Coronavirus

The Inter-American Development Bank (IDB) has agreed to extend $125 million in financing to Uruguay to help the country respond to the worsening COVID-19 crisis and support efforts to revive the economy. Of the total, $50 million is immediately available for the state-owned lender Banco de la República to provide credit to small and medium-sized companies hit by the crisis, IDB said in a statement. The other $75 million will be made available in the near term for the same purpose, it added. Last

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