IDB Expands Support for Latin American and Caribbean Private Enterprises

    The Inter-American Development Bank has agreed to amend the term of a USD300 million multisector credit program of the Inter-American Investment Corp.

    The amendment extends the disbursement period for the program to Nov. 20, 2015, according to an IDB news release.

    The amendment agreement was signed by IDB President Luis Alberto Moreno and IIC General Manager Jacques Rogozinski.

    IIC is part of the IDB Group. Its mission is to encourage the expansion, establishment and modernization of private enterprises across Latin America and the Caribbean.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.