Banco Latinoamericano de Comercio Exterior SA (Bladex) is set to expand its influence through a strategic collaboration with IDB Invest to support Tigo El Salvador's broadband infrastructure expansion. The partnership involves a substantial financing package of up to $205 million aimed at extending broadband services and enhancing digitalization across El Salvador. This initiative includes a $150 million loan co-structured by Bladex and IDB Invest, each contributing $75 million, alongside a $30 million Revolving Credit Facility and a $25 million Digital Account Receivables Discount Facility provided by IDB Invest. These funds will aid in acquiring specialized equipment and financing smartphone access, particularly for middle- and low-income users, thereby addressing the digital divide. The project is pivotal in improving digital inclusion, productivity, and economic resilience by facilitating access to digital education, telehealth, and e-commerce for underserved communities in El Salvador.
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