Banco Popular Dominicano joins IDB Invest's TFFP

Banco Popular Dominicano has joined IDB Invest's Trade Finance Facilitation Program (TFFP) by opening a credit line for up to $50 million. This line will allow Banco Popular to boost the Dominican import and export business sectors. 

Both institutions also agreed to work together to promote the development of green finance in the Dominican Republic, which will help improve and expand the already existing Banco Popular sustainable financial portfolio. IDB Invest and Banco Popular signed a letter of intent, with the objective of supporting the growth of sustainable projects and the fight against climate change in the country. To do this, IDB Invest offers financing and an adapted offer of financial products and advisory services.