IDB lends to Peru, El Salvador

IDB lends to Peru, El Salvador

Inter-American Development Bank (IDB) Debt Loans Latin America El Salvador Peru Tourism

The Inter-American Development Bank (IDB) said it has granted financing to support women-owned micro-, small and medium-sized enterprises (MSMEs) in Peru and to revive the tourism industry in El Salvador. The IDB has provided Peruvian development bank Cofide with $100 million to fund MSMEs run by women, it said in a press release on Thursday. The a 24.5-year loan comes with a six-year grace period and charges a spread based on the secured overnight financing rate (SOFR), the multilateral lender

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