IDB approves $100m loan for Paraguay to enhance logistics, integrate commerce, and benefit SMEs.

The Inter-American Development Bank (IDB) has approved a $100 million loan for Paraguay to improve its logistics performance and commercial integration. The 20-year loan, with an SOFR interest rate, is aimed at benefiting micro, small, and medium-sized businesses in the country. The credit will support policy reforms and is the first in a series of two consecutive loans, designed to strengthen logistics management, boost investment in infrastructure, expand businesses' access to international markets, and promote foreign direct investment.

January 27, 2024
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