• The project will expand financing for MSMEs and promote intraregional trade

IDB Invest provided an up to $50 million financial package to Laki and its subsidiaries to increase access to short-term financing for micro, small, and medium-sized enterprise (MSME) suppliers in El Salvador, Guatemala and Honduras. The project seeks to facilitate foreign trade through the purchase of essential raw materials and finance future capital and sustainability investments.

The financial package consists of three credit lines: a supplier factoring facility of up to $10 million to facilitate access to financing for Laki's MSME suppliers; a committed revolving import facility of up to $20 million to finance purchases of key inputs for the packaging industry; and an uncommitted facility of up to $20 million, designed to cover future capital investment and sustainability needs, as well as to expand the import facility's coverage.

Additionally, IDB Invest will offer advisory services to integrate key environmental, social, and corporate governance aspects, improve performance across its value chain, and increase the transparency and impact of its operations.

About IDB Invest

IDB Invest is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $21 billion in assets under management and over 394 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website idbinvest.org/en.  

About Laki

LATIN AMERICAN KRAFT INVESTMENTS, INC. (Laki), part of the SigmaQ Packaging group, has more than 55 years of experience and is currently the leading multi-packaging group in Central America. It operates 18 plants in Guatemala, El Salvador, Honduras, Mexico, and Canada, serving global clients in key sectors such as food, beverages, agribusiness, pharmaceuticals, luxury products, and display products. Laki promotes constant technological innovation and strategic expansion through mergers and acquisitions—with a focus on North America—maintains a world-class information system (SAP since 1999), and has public listings on the Stock Exchanges of Guatemala, El Salvador, and Panama. With more than 4,000 employees and a firm commitment to sustainability, Laki is advancing toward regional leadership through its vision of being the best packaging and display supplier in the Americas. By 2024, it will reach revenues close to $500 million. More information: laki.sigmaq.com.