Andrews Kurth Represents IDB in $16.5 million Senior Loan to Banco Improsa S.A. in Costa Rica

(Washington, DC)—On June 2, 2014, the Inter-American Development Bank (“IDB”) closed on a US$16.5 million senior loan facility to Banco Improsa S.A., in Costa Rica.

The proceeds of the loan will be used for the purpose of supporting the expansion of Banco Improsa’s small- and medium-sized enterprise loan portfolio in Costa Rica.

The U.S. based firm of Andrews Kurth LLP, and the Costa Rican firm of Pacheco Coto advised IDB on the financing.

Andrews Kurth Lawyers:

Vera Rechsteiner, Partner
Ignacio Hirigoyen, Associate

IDB In-house Counsel:

Juan Salvador Nito Irigoyen
Lorena Slebi

IDB Local Counsel:

Pacheco Coto

Freddy Fachler
Carlos Ayon
Francisco Montes F.

Banco Improsa S.A., Local Counsel

LLM Abogados

Esteban Carranza

As released by the former Andrews Kurth Kenyon LLP