April 7

IFC Announces a Sustainable Loan of $160 Million to Produbanco to Support the Blue Economy in Ecuador

The International Finance Corporation (IFC), a member of the World Bank Group, announced the granting of a sustainable loan of US$160 million dollars to Produbanco, one of the leading banks in Ecuador, to promote the blue economy and boost access to financing for Small and Medium Enterprises (SMEs), especially those owned by women, and other sustainable projects.

Photo courtesy of Greg Byman.

Source: International Finance Corporation (link opens in a new window)

blue economy, ESG, global development, MSMEs, waste, water