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(Reuters) – The Inter-American Development Bank (IDB) has actually authorized a loan worth $100 million to Paraguay to assist the nation enhance its logistics efficiency and business combination, it stated in a declaration.
According to the declaration, dated Jan. 29 however released on Saturday, the 20-year loan will have an SOFR rates of interest and will specifically benefit micro, little and medium-sized organizations in the nation.
The credit authorized by the IDB will support policy reforms and is the very first in a series of 2 successive loans technically connected to each other, although funded separately, the declaration included.
“This program will support reforms to enhance logistics management and organizations assisting in trade, increase sustainable financial investment in logistics facilities and services, broaden companies’ access to global markets, and promote foreign direct financial investment,” it stated.