The proposed financing consists of an A/B Senior Secured Loan of approximately US$40 million to Metrobank, S.A. including (i) an IDB Invest A Loan of up to US$10 million; (ii) an IDB A loan of up to US$10 million; and (iii) an IDB Invest B Loan expected to be of approximately US$20 million. The tenor of the A Loans will be for 3 years, including 1 year of grace. The objective of this transaction is to support Metrobank in expanding its SME client database, especially through working with its branch office in Chiriqui Province. Loans booked through the Chiriqui branch are primarily to SMEs working in the commercial sector (40%), services (32%), consumer (18%) and agribusiness (9%). IIC funding will support Metrobank in financing SMEs and will be complemented by technical assistance efforts to help these SMEs develop and strengthen their export capabilities.