IBRD Loan: US$50 million equivalent
Terms: Maturity = 32.5 years, Grace = 7 years
Project ID: P159515
Project Description: The objectives of the Project are to improve access to, and strengthen the framework for the provision of, longer term finance for eligible micro, small and medium enterprises (MSMEs). The project will finance a credit line intermediated by Banco de Inversión y Comercio Exterior S.A. (BICE) to participating financial institutions for on-lending to MSMEs; technical assistance and capacity building to: (i) support BICE’s strengthening of its second-tier lending business model, (ii) strengthen the financial infrastructure and credit guarantee program that will improve the enabling environment for access to credit, and (iii) enhance the capacity of MSMEs to become bankable.