IFC lends again to Siegfried

IFC lends again to Siegfried

International Financial Institutions World Bank Loans Debt Healthcare Pharmaceuticals Colombia Argentina United States

The International Finance Corporation (IFC) said Tuesday that it granted a $30 million loan for Colombian drugmaker Laboratorios Siegfried to increase production of "COVID-19-related products." Siegfried, a subsidiary of Argentina's Grupo Roemmers, will use the financing to boost output in its home market as well as in Panama, Ecuador and Peru, countries that are facing shortages of medical supplies for COVID-19, IFC said in a press release. IFC added that it granted the loan, its third financin

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