Opening Up Capital Markets
On February 8th 2013, the Central Bank of a sovereign formally approved a foreign investor, Business for the Planet (B4P), to provide a domestic microfinance team a hard currency one year zero coupon loan, and for the loan to be repaid in hard currency. This is the first time that a foreign currency loan has been permitted to be repatriated from this country. It´s a first for the local NGO/MFI sector.
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