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Bolivariano borrows from IDB Invest

Bolivariano borrows from IDB Invest

November 19, 2021
Ecuadorean lender gets an eight-year loan for $30 mln to increase financing for SMEs

International Financial Institutions IDB Invest Inter-American Development Bank (IDB) Loans Debt Ecuador United States ESG Green Finance Coronavirus

Ecuador's Banco Bolivariano has borrowed $30 million from IDB Invest to fund loans to small and medium-sized enterprises (SMEs) in the wake of the COVID-19 pandemic. The eight-year financing includes $20 million in uncommitted capital and a $10 million equity component, IDB Invest said in a press release on Thursday. Half of the money will go to expand Bolivariano's green loan portfolio, it added. IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), also said it

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