Finnvera and Inter-American Investment Corporation sign MOU
The Finnish Export Credit Agency Finnvera and Inter-American Investment Corporation IIC, a multilateral financial institution and Member of the Inter-American Development Bank (IDB) Group have signed a Memorandum of Understanding in Calgary, Canada during the Annual Meeting of IDB in March 2011. Both institutions wish to strengthen their relationship in implementing projects with Finnish companies in Latin America and the Caribbean.
The IIC´s mission is to promote the economic development of its regional member countries by encouraging the establishment, expansion and modernization of private enterprises, particularly enterprises of small and medium size. IIC has granted loans in many sectors of industry important to Finland, such as chemicals, energy, education, healthcare, wood, pulp and paper among others. IIC offers companies loans, credit guarantees and equity and quasi-equity investments to companies. Besides financial services IIC can offer technical advice to improve financial, environmental, and business management.
IIC has local presence and deep understanding of markets in Latin American region. Participating in financing arrangements together with IIC gives Finnvera an advantage in assessing risks in Latin American countries, and thus enhances Finnvera´s possibilities to support Finnish companies businesses in the region.
Additional information:
Ms. Raija Rissanen, Vice President Research, tel. +358 204 7276
Mr. Markku Olli, Senior Adviser, Latin America and Caribbean, tel. +358 204 7271
