September 30, 2020
IDB Invest, part of the Inter-American Development Bank (IDB), said Tuesday that it granted a $60 million loan to Colombian export-import bank Bancóldex to support micro, small and medium-sized enterprises (MSMEs) during the COVID-19 pandemic.
The one-year loan will fund emergency credit lines to help MSMEs stay in business through the economic slump by boosting liquidity and offering longer terms for repayment. Bancóldex has the option to renew the loan for another year, IDB Invest said in a pr
Multilateral lender supplies $60 mln in short-term financing to help MSMEs make it through the COVID-19 pandemic