by Ben Barba -

MICROCAPITAL BRIEF: ADB, FinDev Canada to Partner on Investments in Market Development; Women’s Empowerment; Climate Change Adaptation, Mitigation in Asia, Pacific

The multilateral Asian Development Bank (ADB) and the Canadian government’s FinDev Canada recently announced a partnership to support projects in Asia and the Pacific that further FinDev Canada’s priority areas of “women’s economic empowerment, climate action and local market development.” In addition to identifying deals to co-finance, the organizations plan

by Renata Samadova -

MICROCAPITAL BRIEF: Asociación de Cooperativas Argentinas (ACA) Borrows $80m from FMO, FinDev Canada, Rabobank to Boost Exports of Produce from 50,000 Farms in Argentina

Asociación de Cooperativas Argentinas (ACA), a network of 143 agricultural cooperatives in Argentina, recently borrowed USD 80 million from three institutions, led by the Dutch development bank Financierings-Maatschappij voor Ontwikkelingslanden (FMO). FMO is lending ACA half of the total, and

by Hasnat Aslam -

MICROCAPITAL BRIEF: BNCR Raising $75m from IDB Invest, FinDev Canada via Social Bond Issue Focusing on Women Entrepreneurs in Costa Rica

IDB Invest, a member of the Inter-American Development Bank (IDB) Group, recently arranged a social bond issue in the amount of USD 75 million to benefit the Banco Nacional de Costa Rica (BNCR), a government-owned bank. The funding is intended to

by Harriet Ritchie -

MICROCAPITAL BRIEF: IDB Invest, DFC, FinDev Canada Loan $390m to Davivienda of Colombia for SMEs, Environmental Sustainability, Women

IDB Invest, a member of the US-based Inter-American Development Bank (IDB) Group; the US International Development Finance Corporation (DFC); and FinDev Canada, a subsidiary of government-owned Export Development Canada, recently issued subordinated loans totaling USD 390 million to Colombia’s Banco Davivienda for repayment over 10 years. The deal will “provide new financing for work

by Jessica McLeod -

MICROCAPITAL BRIEF: FinDev Canada, FMO Loan $72m to Latin American Agribusiness Development (LAAD) for SME Finance

Development finance institutions (DFIs) FinDev Canada and the Netherlands Development Finance Company, which also is known by its Dutch acronym FMO, recently provided a syndicated loan of USD 72 million to the US-based, for-profit Latin American Agribusiness Development Corporation (LAAD). LAAD will use the funds to finance term loans and revolving lines of credit to small and medium-sized enterprises (SMEs) involved in agriculture in Latin America and the Caribbean, with the goal of spurring market development and job growth in rural communities. LAAD requires that each of its loans is used according to an