HNB secures US$ 60 m funding for SMEs | Sunday Observer

HNB secures US$ 60 m funding for SMEs

1 November, 2020

Hatton National Bank PLC, entered into a landmark agreement with Proparco, the private sector funding arm of the French Development Bank AgenceFrançaise de Développement (AFD), to secure US$ 60 million in funding.

Proparco has been supporting sustainable development for 40 years across Africa, Asia, Latin America and the Middle-East. Last year, Proparco committed €2.5 billion of financing, focused on key development sectors: infrastructure, especially renewable energy, agribusiness, financial institutions, healthcare and education.Its interventions support private sector actors who contribute to the Sustainable Development Goals (SDGs) by creating jobs and decent incomes, providing essential goods and services, and who contribute to poverty reduction and the fight against climate change. Asia is Proparco’s third region of intervention, with €388 million granted in 2019, representing 15% of its commitments.