The 1 billion guaraníes program with AAA is registered with the National Securities Commission As part of the Annual Meeting of the Board of Governors from the Inter-American Development Bank (IDB) and Inter-American Investment Corporation (IIC), the Minister of Finance of Paraguay Santiago Peña, the IDB President Luis Alberto Moreno, and the IIC General Manager James P. Scriven, announced a new bond issuance program in guaraníes. This is the first bond issuance program in local currency registered by a multilateral in Paraguay, and will allow the IIC to finance companies and projects from the Paraguayan private sector, with a particular focus in telecommunications, agribusiness and infrastructure, as well as financial institutions. The issuances will offer settlement periods based on the underlying projects with fixed or variable interest rates, according to the terms of the projects. This program allows the IIC to finance a total amount of over 1 billion guaraníes (approximately $180 million dollars). The bonds will be allocated through the Asunción Stock Exchange (BVPASA, in Spanish) by local brokers authorized by the National Securities Commission (CNV, in Spanish) and the BVPASA. The Social Prevention Institute (IPS, in Spanish) has expressed interest to participate in these issuances, as part of the cooperation with the IDB Group to promote the financing of projects with development impact in Paraguay’s productive sector. The offering in local currency is part of the IIC’s strategy to contribute to the development of capital markets and to reach more clients with more solutions adapted to their needs. About the Inter-American Investment Corporation (IIC) The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank Group (IDB Group), is a multilateral development bank committed to supporting the private sector in Latin America and the Caribbean. The IIC finances sustainable enterprises and projects to achieve financial results that maximize social and environmental development for the region. With a current portfolio of $11 billion under management and 350 clients in 21 countries, the IIC works across sectors to provide innovative financial solutions and advisory services that meet the evolving demands of its clients.