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OFID signs first-ever trade finance loan for Guatemala

OFID has signed its first-ever trade finance loan for Guatemala. The US$5m term loan is being extended to Banco Promerica (BP) to finance international trade activities of the bank; which will in turn benefit the people of Guatemala.

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UNDP/PAPP

 

Partnership and financing crucial for achieving the 2030 Development Agenda

An adequate level of development financing is a pre-requisite for achieving the ambitious objectives of the 2030 Global Development Agenda. Such financing should include more and better bilateral and multilateral development cooperation, private sector investment and domestic resource mobilization, as well as innovative approaches to supplementing official development assistance (ODA).

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