IDB approves loan worth $100 million for Paraguay

The Inter-American Development Bank (IDB) has approved a loan worth $100 million to Paraguay to help the country improve its logistics performance and commercial integration, it said in a statement.

According to the statement, dated Jan. 29 but published on Saturday, the 20-year loan will have an SOFR interest rate and will especially benefit micro, small and medium-sized businesses in the country.