The Inter-American Development Bank’s Multilateral Investment Fund committed USD20 million to boost the resources of the Emergency Liquidity Facility for the Latin American and Caribbean microfinance institutions. “This financing is particularly timely because it will provide ELF additional resources to deal with the potential fallout from the global credit crisis,” MIF principal investment specialist Sandra Darville said. Other donors to the facility include Switzerland’s Secretariat for Economic Affairs, Gray Ghost Microfinance Fund, Calvert Foundation, Accion International, Canadian non-governmental organization Calmeadow, Swiss NGO Argidius, and Costa Rican fund management firm Omtrix. (“IDB fund provides emergency liquidity facility for microfinance institutions” - Inter-American Development Bank, Dec. 22, 2008)
