“Ecuador will support the financial sustainability of SMEs with IDB support” – IDB – May 12, 2020

On May 12, 2020 the Inter-American Development Bank (IDB) reported that “Ecuador will support the financial sustainability of micro and small companies (SMEs) and the maintenance of employment in the face of the COVID-19 crisis with a loan of $93.8 million approved by the (IDB).

The project will help SMEs affected by the health emergency overcome temporary liquidity problems and be able to continue their operations with credit products and/or guarantees to secure financing for working capital. In addition, it is expected to increase the number of short-term loans to SMEs led by women in the portfolio of the National Corporation for Popular and Solidarity Finance (CONAFIPS).”

You may read the news release on the IDB internet site.