MicroVest Participates in $150 Million IDB-led Trade Finance Loan to BanReservas to Support Trade Development in the Dominican Republic

MicroVest Capital Management (MicroVest) participated in a $150 million, Inter-American Development Bank (IDB)-led, trade finance loan to Banreservas, the largest commercial bank in the Dominican Republic, with a $10 million investment from its own account. The investment seeks to support the expansion of financing for international trade activities in the Dominican Republic and the broader Latin American region. MicroVest participated in the A/B loan under the framework of the Trade Finance Facilitation Program (TPPF) facility administered by IDB Invest.

Launched in 2005, the TFFP is an IDB Invest program aimed at promoting development and economic growth through the expansion of trade finance to banks in Latin America and the Caribbean. The facility provides short-term loans to local banks to finance portfolios of eligible trade transactions and credit guarantees to global banks. The TFFP network is comprised of over 100 banks in the Latin American and Caribbean region and over 100 correspondent banks worldwide, with more than $4.5 billion in approved credit lines.

This is MicroVest's first investment in the Dominican Republic.

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The information contained here has been written for MicroVest Capital Management, LLC (“MicroVest”) and no representation or warranty, expressed or implied is made by MicroVest as to the accuracy or completeness of the information contained herein. The portfolio company highlighted is for informational purposes only and does not represent all of the portfolio holdings and it should not be assumed that investments in the portfolio company identified and discussed were or will be profitable. The information presented on this page is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase an interest in any MicroVest product (the “Funds”), and nothing herein should be construed as such. Any such offer or solicitation will be made only by means of delivery of a definitive private offering memorandum which contains a description of the significant risks involved in such an investment. Prospective investors should request a copy of the relevant Memorandum and review all offering materials carefully prior to making an investment.