Macroeconomy/Finance

IDB approves a $130 million loan for Bolivia to support Micro and Medium Enterprises

The Inter-American Development Bank (IDB) reported that it approved a US$130 million loan for Bolivia to support the short-term financial sustainability of Micro, Small and Medium-sized Enterprises (MSMEs) in the face of the Covid-19 crisis. It expects to benefit approximately 12,000 MSMEs affected by the disaster through loans granted through eligible financial institutions. More than 30% of the total resources will allocate to women-owned enterprises.

Source: Los Tiempos