IFC will Provide $30 million to Banco Regional in Paraguay to Enhance Access to Finance for Farmers and SMEs

The International Finance Corporation (IFC) will provide $30 million to Banco Regional S.A.E.C.A. in Paraguay to expand access to finance for local farmers, small and medium enterprises (SMEs), and exporters in the agribusiness sector. Agribusiness is a key driver of economic growth and job creation in Paraguay. IFC is providing financing to Banco Regional as part of the Global Warehouse Finance Program, which supports lending to the agriculture sector against warehouse receipts or similar collateral schemes to increase working capital. This provides farmers with liquidity and allows them to maximize the profit of their sales.