To support Banco Promerica during this crisis, PROPARCO has renewed its partnership by granting it a new credit line to finance SMEs, which account for the bulk of the economic fabric in Costa Rica and are facing new difficulties

Between 11 and 14 November, Proparco took part in FELABAN, the Latin American banking sector’s standout annual event. Proparco marked the occasion by renewing its partnership with the Promerica bank via a $US 20 million line of credit to support the development of Costa Rican SMEs. These are the country’s economic lifeblood (i.e., SMEs represent 90% of all of businesses).