Ruba borrows from IDB Invest

Ruba borrows from IDB Invest

Loans Funds Equity Mexico Technology Project & Infrastructure Finance Capital Markets ESG International Financial Institutions Inter-American Development Bank (IDB) IDB Invest

Mexican real estate company Inmobiliaria Ruba has borrowed MXN1.5 billion ($74.9 million) from IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), to develop housing for low- and middle-income earners in Mexico, according to a press release. The loan includes a reverse factoring for MXN500 million to pay Ruba's suppliers, which are mostly micro-, small and medium-sized construction companies, IDB Invest said in the press release on Tuesday.  The financing also

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