IDB Invest and Banco Guayaquil support Ecuador's MSMEs with $20m social bond

IDB Invest has structured and subscribed a $20 million social bond issued by Ecuador's Banco Guayaquil with a five -year tenor. 

The resources from the placement will be used to support the sustainability of micro, small and medium-sized enterprises in Ecuador, one of the sectors most impacted and least resilient to the COVID-19 crisis. The financing will also contribute to the development of the capital markets and thematic bonds in Ecuador and the region.