Banco Agricola: Loan to Expand Financing with Focus on Impact in El Salvador

in implementation

The financing consists of a senior, unsecured, A/B loan of up to US$150 million toBanco Agrícola, S.A.("Banco Agrícola" or the "Bank"), with a term of up to five years, including an up to two-year grace period (the "Project"). The Project includes: (i) an A Loan of up to US$40 million financed by IDB Invest (the “A Loan”); (ii) an A Loan of up to US$10 million from a Blended Finance component provided by funds managed by IDB Invest (the "Blended Finance Loan"); and (iii) one or more B Loans related to the IDB Invest A Loan of approximately US$100 million to be funded by various commercial lenders (the "IDB Invest B Loan").The Project aims to: (i) provide long-term financing; and (ii) increase funding for Small and Medium-Sized Enterprises ("SMEs") and the Bank's green portfolio.