IDB Invest expands agreement with Banco Comafi in Argentina

IDB Invest will grant a 10-million dollars loan to Banco Comafi (private bank in Argentina) with the objective of supporting local micro, small and medium-sized enterprises (MSMEs) in foreign trade operations. The operation represents an expansion in scope and resources of an agreement originally signed in year 2021.

The agreement will allow Banco Comafi clients to finance foreign trade operations for up to one year, plus a leasing line with up to three years term. Both programs will have an availability period of three years in total, renewable for three additional years.