BTG Pactual (BPAC11) has signed a new agreement with the Japan International Cooperation Organization (JICA), a Japanese government agency tasked with encouraging private investment in developing nations for economic and social development.
The US$ 200 million arrangement will benefit Brazil’s small and medium-sized businesses. The monies will be distributed to Brazilian SMEs, which are crucial during this period of economic recovery and income growth.
In addition to other previously operational initiatives, the credit line will help BTG+, BTG Pactual’s (BPAC11) platform for small and medium-sized businesses, grow its portfolio of over R$ 14 billion in funding.
BTG Pactual has already raised US$ 500 million for these efforts with this credit line, enhancing its ability to provide financing to small and medium-sized businesses in Brazil.
This purchase solidifies BTG Pactual’s commitment and strategic focus on social and environmental development in its operations, and it complements the several market-funding initiatives that have been in place since early 2020, totalling nearly US$ 1.2 billion.
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