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Banco Promerica seeks IFC funding

Banco Promerica seeks IFC funding

May 29, 2023 | Hernán Goicochea
Panamanian bank asks for $50 mln to fund SME loans and green projects in Guatemala

International Financial Institutions Corporate & Sovereign Strategy Debt Loans Panama

The Guatemalan subsidiary of Panamanian lender Banco Promerica has requested a $50 million loan from the International Finance Corporation (IFC) to fund loans to small and medium-sized enterprises (SMEs) and green projects. IFC could provide a seven-year, $25 million loan and a 10-year, $25 million with a five-year grace period, according to information on its website. The World Bank's private sector lender could advise Banco Promerica Guatemala on the "development of an integral value propositi

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