DFC II/REGIONAL DEVT

closed

Closed

The main objectives of the project would be to promote the efficient and regionally balanced growth of industry in Paraguay, alleviate the scarcity of long-term funds to finance such growth, and improve financial intermediation for industrial investment by: (i) assisting in the development of productive industrial, agroindustrial, industrial estate and tourism subprojects, particularly of small and medium-scale enterprises; (ii) continuing the efforts initiated under the First Industrial Credit Project (Loan 1419-PA) to strengthen BNF and expand financial intermediation in support of industry by lending to the commercial banking system and a privately-owned development finance company through FED; (iii) supporting the Government's attempt to foster the regional growth of industry and tourism development in the eastern part of the country through a more effective role of BNF and FED; and the establishment of an industrial estate in Encarnacion; (iv) providing key extension services to small-scale entrepreneurs through the National Vocational Training Service (SNPP); and (v) supporting the Government's actions leading to improvements in the interest rate structure and controls of financial intermediaries.

World Bank Group

Project

Manufacturing (Industrial), Hotel, Commercial, Government