Tuesday
November 1
2022

EMGA Secures $20 Million Debt Finance for Costa Rica’s Banco Improsa

Emerging Markets Global Advisory LLP (EMGA) for the second time working with Banco Improsa, secures this US$20M facility from the Spanish Agency for International Development Cooperation (AECID) – AECID (advised by COFIDES).

Commenting on the transaction, Felix Alpizar, General Manager of BANCO IMPROSA, said: “Banco Improsa is very honored to be recognized by AECID and COFIDES for both its track record and programs to finance and support Costa Rican micro, small and medium-sized enterprises (MSMEs). With this credit we will continue our contribution to the economic and social development of the country.”

Photo courtesy of Brooke Patterson/USAID.

Source: Yahoo Finance (link opens in a new window)

Categories
Finance
Tags
financial inclusion, MSMEs