IFC Lends $460 Million to Daycoval to Support Small and Medium Enterprises, Focusing on Female Entrepreneurship and the Legal Amazon

IFC, a member of the World Bank Group, and Banco Daycoval, one of Brazil's leading mid-sized banks in the corporate credit market, have just signed a $460 million loan agreement (equivalent to BRL 2.8 billion) to stimulate credit for female entrepreneurship and micro, small, and medium enterprises (MSMEs), particularly in the Legal Amazon region.

The financing package led by IFC, with a term of three and a half years, includes $150 million from IFC's own resources and $310 million mobilized from 14 other financial institutions. This syndicated financing contributes to Daycoval's strategy of diversifying its funding sources and strengthening partnerships with foreign multilateral institutions. include: Bancaribe Curacao Bank, N.V., Bancaribe International Bank, Inc., Bradesco Bank, Banco de Occidente Panama, Banco Itaú BBA, Banco Santander, BBVA, BHD International Bank (Panama) S.A., BLADEX, BlueOrchard managed fund, CaixaBank, Commerzbank Aktiengesellschaft, and ICBC, among others.