(Reuters) – The Inter-American Development Bank (IDB) has authorized a mortgage price $100 million to Paraguay to assist the nation enhance its logistics efficiency and business integration, it stated in an announcement.
According to the assertion, dated Jan. 29 however revealed on Saturday, the 20-year mortgage can have an SOFR rate of interest and can particularly profit micro, small and medium-sized companies within the nation.
The credit score authorized by the IDB will assist coverage reforms and is the primary in a sequence of two consecutive loans technically linked to one another, though financed independently, the assertion added.
“This program will support reforms to strengthen logistics management and institutions facilitating trade, boost sustainable investment in logistics infrastructure and services, expand businesses’ access to international markets, and promote foreign direct investment,” it stated.