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Global Bank SME and Gender Financing Partnership

Sector: Commercial • Location: Panama

Source: Inter-American Development Bank (IADB)

Project
Repaid

The objective of this transaction is to increase access to financing for small and medium enterprises (“SMEs”) and female retail clients in Panama, by creating and implementing a holistic value proposition which will support the growth of Global Bank’s women and SME portfolios. To do this, IDB Invest is proposing a Senior Unsecured Loan of approximately US$ 160 million to Global Bank Corporation (

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The project “Global Bank SME and Gender Financing Partnership” is an infrastructure initiative in the Commercial sector, located in Panama. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Participants

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Status

Original status

repaid

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Description

Description

The objective of this transaction is to increase access to financing for small and medium enterprises (“SMEs”) and female retail clients in Panama, by creating and implementing a holistic value proposition which will support the growth of Global Bank’s women and SME portfolios. To do this, IDB Invest is proposing a Senior Unsecured Loan of approximately US$ 160 million to Global Bank Corporation (“Global Bank” or “GBC”) comprised by (i) A Loan of up to US$60 million to be funded by IDB Invest; and (ii) IDB Invest B Loan expected to be of approximately US$100 million, to be funded through the sale of participations to commercial lenders (the “Project”). The term of the IDB Invest A Loan is up to four years, including one year of grace.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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