March 27, 2020
IDB Invest said on Thursday that it will roll out a new credit facility for $500 million to finance investments in healthcare and provide short-term loans to small and medium-sized enterprises (SMEs) during the coronavirus pandemic.
The multilateral lender will provide funding from the so-called Crisis Mitigation Facility through financial institutions and supply chain finance platforms, it said in a press release.
IDB Invest also said it will contribute up to $5 billion to a lending program for
Multilateral lender works on a $500 mln facility to finance healthcare investments and provide loans to SMEs