Investment through JICA-Funded Trust Fund 'TADAC' (Private Sector Investment Finance): Disbursement of Loan Agreement for Financial Inclusion of Small and Medium-sized Enterprises in Argentina
Japan, Oct. 9 -- On September 15, through the Trust Fund Achieving Development of Latin America and the Caribbean (TADAC) invested by the Japan International Cooperation Agency (JICA), the Inter-American Development Bank Investment Company (IDB Invest) completed the disbursement of a loan signed with Banco Supervielle. The funding will strengthen access to financing for small and medium-sized enterprises in the Argentine Republic.Under this project, IDB Invest and TADAC provide a total USD 100 million loan. The transaction also includes the mobilization of USD 79 million from private investors.(*Note) JICA is investing up to USD 1.5 billion in the Trust Fund Achieving Development of Latin America and the Caribbean (TADAC). The Fund is estab...
To read the full article or to get the complete feed from this publication, please
Contact Us.