IFC Gives Paraguay Bank Loan

The IFC has given Paraguay’s Banco Regional a $30m long-term loan to increase financing for local and small or midsized firms. The funds are directed to firms that lack financing to invest in medium and long-term projects, it adds. SMEs generate 80% of Paraguay’s employment and 60% of the country’s GDP. The loan will enable the bank to increase operations in rural areas and extend the durations of the loans it gives.