IIC and Terminal Zárate S.A. sign an agreement for a loan of up to US$14 million


Buenos Aires, Argentina - On July 6, 2010, the Inter-American Investment Corporation (IIC) signed an agreement for a loan of up to US$14 million with Terminal Zárate S.A. The purpose of the loan is to provide Terminal Zárate with financing for infrastructure work including expanding the pier and the container yard and improving the vehicle parking lot.

Terminal Zárate is a privately owned port complex that operates as a container, general cargo, and vehicle terminal and provides complementary services. It belongs to Grupo Murchison, which has been in the market for more than 100 years and has broad experience in the Argentine port industry.

Signing for Terminal Zárate S.A. were Messrs. Roberto J. Murchison and Néstor Guido, General Manager and Administration and Finance Manager, respectively. Mr. Javier A. Podrez Yaniz signed on behalf of 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 2009, the IIC reached US$1.4 billion in assets and approved 40 operations channeling US$299.8 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)

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