LatinNews Daily - 05 June 2020

* The board of directors of the US International Development Finance Corporation (DFC) has approved a loan of up to US$200m for Guatemala to expand lending to small and medium-sized enterprises (SMEs), as part of efforts to address the economic impact of the coronavirus (Covid-19) pandemic. According to a US embassy press release, the SME sector in Guatemala faces a “roughly US$14bn credit gap that limits their ability to expand, increase revenues, and create jobs”. The scheme will dedicate at least 30% of loan proceeds to women, and place a special focus on reaching rural borrowers in the departments of Huehuetenango, Quetzaltenango, Quiché, San Marcos, Totonicapán, and Alta Verapaz.

End of preview - This article contains approximately 110 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial