Investment through JICA-Funded Trust Fund 'TADAC' (Private Sector Investment Finance) : Signing of Loan Agreement with Institute of Private Enterprise Development (IPED) in Guyana
Japan, Feb. 18 -- Through the Trust Fund Achieving Development in Latin America and the Caribbean (TADAC*) invested by the Japan International Cooperation Agency (JICA), the Inter-American Development Bank's investment arm (IDB Invest) signed a loan agreement with Private Enterprise Development (IPED), Guyana's leading non-bank financial institution to expand access to finance for micro and small enterprises (MSEs) in the country.Guyana's economy is projected to grow by 14% annually over the next five years. In this context, microfinance institutions like IPED play a critical role in enabling micro and small enterprises to participate in emerging supply chains and benefit from the country's economic transformation. The operation will help I...
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