Vouga Abogados represented the International Finance Corporation (IFC) in granting a loan of up to US$30 million to Banco Sudameris in Paraguay.

The purpose of the loan is to provide the borrower with a short-term revolving loan to be used to fund its lending operations to eligible sub-borrowers through the creation of a pool of eligible sub-loans secured by acceptable deposit warrants.

IFC's loan to Sudameris will enable it to provide financing to Paraguay's fastest-growing sector, which is the mainstay of the country's economy.

The Firm assisted IFC in all matters related to local laws and the agreement was finally executed on February 12.