IIC Signs A Credit Line With Brazil'S Banco ABN Amro Real S.A.
03/27/2006Washington, D.C. - On March 21, 2006, the Inter-American Investment Corporation (IIC) signed a US$60 million credit line agreement with Banco ABN AMRO Real S.A. to finance eligible projects for small and medium-size Brazilian companies. The credit line consists of an A loan of up to US$15 million and a B loan of up to US$45 million. This operation is in line with the Declaration of Nuevo León goal of tripling the resources channeled by the IDB Group to micro, small, and medium-size companies in Latin America and the Caribbean by 2007.
Eligible companies are small and medium-sized companies located in Brazil that require either medium or long-term financing for their operations, or shorter-term financing for procuring needed goods and services from larger companies.
Senior Vice President Alexandre Ponzio de Azevedo and Vice President Isabel Eliza de Oliveira Salvucci signed for ABN AMRO Real S.A.; Deputy General Manager Steven Reed signed for the IIC.
The Inter-American Investment Corporation is a multilateral financial institution that is part of the Inter-American Development Bank 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. The IIC's mission is to promote the economic development of its regional member countries by stimulating 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, visit its Web site at www.iic.int.
Contact: Jacques Rogozinski
Telephone: (202) 623-3901