IDB funds tech investments for MSMEs in Peru

IDB funds tech investments for MSMEs in Peru

Loans Economy & Policy International Financial Institutions Inter-American Development Bank (IDB) Technology Peru United States

The Inter-American Development Bank (IDB) has approved a $300 million credit line for micro-, small and medium-sized enterprises (MSMEs) in Peru to make investments in technology, it said in a press release on Thursday. The financing covers a $100 million project to offer financial guarantees for an innovation program for MSMEs that includes incubation and acceleration services for start-up companies in Peru, the IDB said.  The 14.5-year loan comes with a 6.5-year grace period and an interest ra

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