IIC Reiterates Its Commitment To Paraguay’S SMEs By Signing Its Third Loan To Banco Regional

07/07/2009


from left to right , Mrs. Irene Memmel de Matiauda, Manager of Banco Regional S.A.E.C.A., Mr.Nicolás Trociuk, Board Chairman and Mr. Santiago Cat, IIC Investment Officer.

Asunción, Paraguay - On July 7, 2009, the Inter-American Investment Corporation (IIC) signed a US$6 million loan agreement with Banco Regional S.A.E.C.A., which has, since its creation, focused on meeting the financing needs of farmers and agricultural companies.

The loan proceeds will be used to finance the purchase of fixed assets and machinery and for operating capital for local SMEs.

The signing ceremony took place at Banco Regional’s Bulnes corporate branch in Asunción. Signing for Banco Regional S.A.E.C.A. were Board Chairman Nicolás Trociuk and Director Irene Memmel de Matiauda. Investment Officer Santiago Cat signed for the IIC.

The IIC is a multilateral financial institution that is a member of the Inter-American Development Bank (IDB) Group. It provides financing (in the form of equity investments, loans, guarantees, and other instruments) and advisory services to private enterprises in Latin America and the Caribbean. In 2008, the IIC reached US$1.5 billion in assets and approved sixty-four operations channeling US$300.5 million to SMEs in the region. The IIC’s mission is to promote the economic development of its regional member countries by encouraging the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size. For more information on the IIC’s activities, please visit www.iic.int.



Contact: Santiago Cat (in Uruguay)

Telephone: + (598) 2915-3696

Email: santiagoc@iadb.org