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Article: FACT SHEET: STATUS OF LATIN AMERICA SMALL BUSINESS LENDING INITIATIVE
- Article from:
- US Fed News Service, Including US State News
- Article date:
- April 7, 2008
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The U.S. Department of the Treasury issued the following fact sheet:
In June of 2007 the Treasury Department launched an initiative to expand and improve access for small businesses in Latin America to commercial financing (http://www.treas.gov/press/releases/hp452.htm). The three-part initiative is jointly supported by the U.S. Treasury Department, the Inter-American Development Bank (IDB), and the Overseas Private Investment Corporation (OPIC) as follows:
1 Through its Multilateral Investment Fund (MIF) and its Inter-American Investment Corporation (IIC), the IDB provides technical cooperation grants and loans to local banks to strengthen their capacity in lending to the small business ...