Statement on U.S. International Development Finance Corporation’s Approval of a loan to Banco Industrial.
On June 4, the Board of Directors of U.S. International Development Finance Corporation (DFC) approved its first investment in Guatemala since the launch of the new U.S. Government agency.
This loan will allow Banco Industrial to lend US$ 200 million to small and medium enterprises for the expansion of their activities. The project also dedicates 30% of the funds to women and places a special focus on reaching rural borrowers, evidence that both entities are reaching out to important economic groups.
The investment directly supports the memorandum of understanding (MOU) signed between the U.S. and Guatemalan governments in January 2020. Under this MOU, the U.S. Government—through DFC—aims to catalyze investment of up to $1 billion in support of development in Guatemala.
The U.S. – Guatemala Business Council (USG-BC) is encouraged by this historic loan and DFC’s work to support development and Guatemala’s private sector.
We congratulate DFC’s CEO, Adam Boehler, and his team for their hard work and commitment to the people of Guatemala. The USG-BC will continue to encourage its members and other Guatemalan companies to apply for DFC loans and other financial instruments.