Proparco boosts financing for Paraguayan SMEs

France's Proparco has agreed a new $30 million credit line to Banco Continental to support the development of its green credit portfolio, as well as financing for Paraguayan SMEs. Seventy small and medium-sized enterprises are expected to be supported through the loan. Most of them operate in the agriculture, trade and industry sectors. This operation should also help create or maintain some 5,970 direct or indirect jobs. The financing is Proparco's second credit line to Banco Continental, as it participated in a syndicated loan alongside CAF and DEG in 2017.