July 19, 2021
IDB Invest, an affiliate of the Inter-American Development Bank (IDB), said Friday that it arranged $200 million in financing for Brazilian lender Banco Sofisa to offer more loans to small and medium-sized enterprises (SMEs).
IBD Invest contributed $50 million and deployed $25 million from the China Fund for Latin America and the Caribbean. Proparco, a development bank affiliated with French development agency AFD, supplied $30 million, while FinDev Canada added $20 million, the Washington DC-ba
IDB's private sector affiliate arranges $200 mln in financing for the Brazilian lender to expand its SME portfolio