IDB Invest promotes technological reconversion in Argentina together with Banco Comafi

Banco Comafi S.A., a private bank in Argentina, received financing from IDB Invest for a total of USD 20 million. The purpose of the operation is to support the technological reconversion of small and medium-sized enterprises (SMEs) in Argentina through financial leasing and financial pledging operations.

In addition, IDB Invest will support Comafi in strengthening its environmental and social management through improvements in the environmental and social risk management system (SARAS).

The financing will have a term of up to three years, renewable for up to three additional years.