Pair of development banks appear calm for $200m action throughout LatAm, Caribbean
IDB Invest and the Overseas Private Advance Corporation (OPIC) accept formed an accord to actualize Armamentarium Mujer, the aboriginal gender-focused armamentarium for Latin America and the Caribbean.
The action will affection up to $200m in investment, comprised of 30% debt while the blow will appear in equity, IDB Invest said in a statement.
Proceeds aim to attenuated the gender costs gap in the arena by acknowledging strategies focused on changeable entrepreneurs, companies with a cogent allotment of women leaders and aboriginal that are breeding jobs or customer articles for women.
OPIC will administer the aforementioned belief as its 2X initiative, IDB Invest said. Armamentarium Mujer will absorb a appeal for proposals (RFP) action to abutment one or added funds with a gender lens strategy. A armamentarium administrator is accepted to be allowable in Q1 aing year.
Photo (L to R): W20 armchair Susana Balbo, IDB Invest arch advance administrator Gema Sancristan and OPIC managing administrator Kathryn Kauffman. Provided by IDB Invest
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