IDB Unlocks $1 Billion Credit Line to Boost Private Investment

The Inter-American Development Bank (IDB) has announced a $1 billion credit line to stimulate private sector growth, reinforcing opportunities for foreign and local investors. The announcement, made in Santiago, Chile, coincided with the selection of Asunción as the host city for the IDB's 2026 annual meeting.

James Scriven, executive director of IDB Invest, emphasized that the fund will support key industries, including agribusiness and technology, helping to drive economic expansion. The financing package, available until 2026, aims to strengthen investment conditions and attract international capital to high-impact sectors.

Business leaders welcomed the initiative, recognizing its potential to accelerate innovation and job creation. With a focus on projects that add value and enhance competitiveness, the investment push is set to foster sustainable economic development in the region. Source: InfoNegocios