The BHD Leon Bank and the International Finance Corporation (IFC), a member of the World Bank Group, have signed an agreement to channel financing of RD$2.15 billion (approximately US$48 million) to small and medium-sized businesses in the Dominican Republic. Loans of RD$500,000 and more will be available on seven-year terms.
The program is aligned with the World Bank and IFC’s Country Partnership Strategy in the Dominican Republic, which aims to support sustainability and promote access to finance. It is also aligned with IFC’s Caribbean strategy of promoting economic development through financial inclusion. ?
Read more in Spanish: http://ifcextapps.ifc.org/ifcext/Pressroom/IFCPressRoom.nsf/0/C5FAD27550239A7D85257F3A0076E1AE
