COFIDE, KfW agree €250m COVID-19 loan

Peru's COFIDE and Germany's KfW have signed a €250 million loan deal (about $296 million) to support micro, small and medium-sized enterprises affected by COVID-19 in Peru.

The loan will support the implementation of the COVID-19 Green Reactivation Program, particularly helping businesses in the MSME and tourism sectors. The loan has a maturity of 15 years and a five-year grace period.