A new lending facility catering to microfinance institutions in Latin America and the Caribbean has been launched, according to a March 20 news release from the Inter-American Development Bank. The Microfinance Growth Fund aims to extend as much as USD250 million in medium- and long-term loans in local currency and U.S. dollars to microfinance organizations in the region. A USD125 million loan from U.S. Overseas Private Investment Corp. forms part of MIGRoF’s initial resources.