The Industrial Bank Of Japan, Limited Approves A $100 Million Credit Line For The Inter-American Investment Corporation

06/17/2001

The credit line will be used to further the IIC's developmental lending program in Latin America and the Caribbean WASHINGTON, D.C. -The Inter-American Investment Corporation (IIC) and The Industrial Bank of Japan, Limited signed on June 18, 2001 a two-year, $100 million revolving line of credit. The signing ceremony took place at the headquarters of the Inter-American Investment Corporation in Washington, D.C. The IIC will use the proceeds to provide funding for small and medium-size companies, thus promoting the development of Latin America and the Caribbean.

The agreement was signed by Mr. Jacques Rogozinski, General Manager of the IIC, and, for The Industrial Bank of Japan, Limited, by Mr. Shoji Noguchi, Managing Director and General Manager.

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 borrowing member countries by stimulating the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size. The IIC has thirty-seven member countries: twenty-six in Latin America and the Caribbean and eight in Europe, plus the United States, Japan and Israel. Belgium, Finland, Norway, Portugal and Sweden are currently in the process of becoming members. For more information on the IIC and its activities, visit its Web site www.iadb.org/iic.

Contact: Jorge Roldán

Telephone: (202) 623-3948

Email: jorgero@iadb.org