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IDB earmarks US$3.7 billion in loans for private sector

The Inter-American Development Bank (IDB) aims issue US$3.7 billion in loans to the private sector next year, said Steven J. Puig, the bank's vice president for private-sector lending.

Monday, June 30, 2008

©image: www.iadb.org

Puig added that the IDB also hopes to increase its presence in Central America and the Caribbean. Two new officials are being hired in El Salvador to handle lending to major companies and small businesses respectively.
Staff would also be added in other Central American countries as the IDB attempts to diversify from the large nations that have traditionally been the focus of its activities, Puig added.

Source: elsalvador.com

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