July 29, 2021
IDB Invest, an affiliate of the Inter-American Development Bank (IDB), said Wednesday that it provided $45 million in financing to Uruguayan retailer Ta-Ta.
The financing, split between a 10-year loan for $35 million and a $10 million equity investment, will be in Uruguayan pesos and go to the company's expansion plans and logistics investments, IDB Invest said in a press release, adding that the money will help create 1,000 jobs over seven years.
"This transaction is a catalyst for the developm
US-based multilateral lender supplies a $35 mln loan and makes a $10 mln equity investment