KUALA LUMPUR, Nov 1 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA), working for the second time with Banco Improsa, announced it has secured aUS$20 million (US$1=RM4.73) facility from the Spanish Agency for International Development Cooperation (AECID).
“A pleasure again to facilitate Banco Improsa’s continued vision of supporting small and medium enterprises (SMEs) within Costa Rica and complete this funding solution with AECID (advised by COFIDES),” said EMGA’s head of investment banking, Sajeev Chakkalakal, in a statement.
Meanwhile, Banco Improsa General Manager Felix Alpizar said: “Banco Improsa is very honoured to be recognised by AECID and COFIDES for both its track record and programmes to finance and support Costa Rican micro, small and medium-sized enterprises.”
“The transaction will be used to finance SMEs in Costa Rica, which will contribute to the creation and maintenance of quality jobs and reducing inequalities.
“We look forward to continuing these strategic partnerships, which enhance economic growth in developing countries by strengthening the private sector through sound financial support, said COFIDES chairman and chief executive officer José Luis Curbelo.
Based in London, EMGA helps emerging market-based financial institutions and corporates seeking new debt or equity capital.
-- BERNAMA
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