IDB Invest raises coronavirus response

• IDB Invest, part of the Inter-American Development Bank (IDB), said on Tuesday that it made available another $2 billion to address the coronavirus pandemic in Latin America and the Caribbean.
• The multilateral lender can now supply up to $7 billion in financing to support companies affected by the COVID-19 outbreak, including an additional $500 million in long-term loans and $1.5 billion in trade finance, it said in a press release.
• IDB Invest and the Mexican business council CMN announced a program to lend up to $12 billion a year to small businesses to cope with the coronavirus pandemic. Before that, IDB Invest printed $1 billion in two-year bonds in its largest debt sale ever to fund part of its response to COVID-19.

(Source: Latin Finance)