Providing loans to industry/mining
Description
Providing loans to industry and mining involves the allocation of financial resources to support the establishment, expansion, or modernization of industrial and mining operations. This strategy aims to address barriers such as insufficient capital, outdated technology, and limited production capacity. By facilitating access to credit, it enables enterprises to invest in equipment, infrastructure, and innovation, thereby promoting economic growth, job creation, and the efficient extraction and processing of natural resources.
Implementation
In thirty-three years of operations in Latin America and the Caribbean, the Inter-American Development Bank (IDB) made 257 loans for US$6,400 million to finance industry and mining projects costing a total of $28,700 million. Among other examples in 1993, $30 million were loaned to the global microenterprise credit programme in Colombia.
Broader
Facilitates
Facilitated by
Problem
Value
SDG
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
Content quality
Yet to rate
Language
English
1A4N
J2384
DOCID
12023840
D7NID
193752
Editing link
Official link
Last update
Dec 3, 2024