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Mario Flor and Alejandro Pérez Arellano

FBPH assists IDB Invest in $15m loan to Banco de Machala

Flor Bustamante Pizarro & Hurtado has assisted IDB Invest in a loan granted to Ecuador’s Banco de Machala with the objective of strengthening food security and promoting sustainability in Ecuador.

Through financing of up to USD $15 million, this agreement will boost sustainable finance in the country, opening new credit opportunities for companies dedicated to food production and green projects, including blue economy initiatives.

With this project, IDB Invest seeks to support climate change mitigation and adaptation, while expanding access to resources for key sectors of the economy.

FBPH’s team consisted of senior partner Mario Flor (pictured left) and partner Alejandro Pérez (pictured right).

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L Giselle Estrada

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