IDB makes first non-sovereign investment in country
Bnamericas Published: Wednesday, April 11, 2012
IDB approved its first non sovereign-backed investment in Haiti, lending US$2mn to the Alternative Insurance Company (AIC) for expansion and development, the multilateral said in a release. The financing is expected to provide resources for AIC to carry out a strategic growth plan that expands its services to low-income clients, according to the release. AIC offers traditional insurance products, which include auto, property, commercial, health and life insurance. The company is also a leader in microinsurance, offering credit life coverage to microfinance borrowers and a funeral insurance product that allows Haitians living abroad to assist their families back home.
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News in: Political Risk & Macro (Haiti)
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Latin American nations must "dismantle" long-standing energy subsidies to encourage investment and drive economic growth.
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