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Atlantic Bank Limited
Through IDB Invest, Atlantic Bank is strengthening its SME financing segment, including those led by women. This information was not found on Atlantic Bank’s website, but rather on IDB Invest’s site, which indicates that the loan is currently “under implementation.”
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BelizeMore info:
"The financing consists of a senior unsecured loan of up to US$30 million (the “Financing,” the “Project,” or the “Loan”) to Atlantic Bank Limited (“ABL” or the “Bank”), structured as follows: (i) Tranche I, a committed loan of up to US$20 million to be funded by IDB Invest with a term of up to three years from the disbursement date; and (ii) Tranche II, an uncommitted loan of up to US$10 million, also with a term of up to three years from disbursement. The main objective of this Project is to support the growth of ABL’s Micro, Small, and Medium Enterprise (MSME) portfolio. By expanding the size of this portfolio, the Project aims to increase overall financing for the MSME segment in Belize. The Project may also include Technical Assistance (TA) to further strengthen ABL’s strategy for MSMEs and women-led MSMEs, and to support the development of its Environmental and Social Risk Management Systems (ESRMS)."
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