Daycoval Lining up IFC Funds

Brazil’s Banco Daycoval has approved the signing of a $200m 4-year A-B loan with the IFC, according to a source familiar with the process. An A loan of up to $50m and a B Loan of up to $150m are to support loans to small and medium enterprises in Brazil, with the A loan portion specifically destined for regions of the country underserved by Brazil’s banking system, according to IFC project documents. The interest rate and other details are not yet available, as the process remains to be finalized.