IDB Invest backs SME loans from Banco Cuscatlán

IDB Invest backs SME loans from Banco Cuscatlán

Loans Coronavirus El Salvador Central America US

IDB Invest, part of the Inter-American Development Bank (IDB), has arranged a $37.5 million loan for Banco Cuscatlán "to increase the availability of stable and medium-term resources" for small businesses in El Salvador. The financing includes $12.5 million from the China Co-finance Fund for Latin America and the Caribbean, or China Fund, from the IDB and the People's Bank of China (PBC), IDB Invest said in a press release on Monday.  IDB Lab will supply $750,000 for a "digitalization program" t

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