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Jaremar –OPIC risk sharing facility
26 March 2010
Overcoming challenges in Honduras
While the theme of managing to sign a deal under difficult financial circumstances was endemic in 2009’s Deal of the Year submissions, this deal reminds us that sometimes it is politics that proves a challenge. The financing of Grupo Jaremar’s expansion plans was executed despite the Honduran constitutional crisis, which effectively froze offshore lending into the country. A combination of Citi, Banco General, and the Overseas Private Investment Corporation (OPIC), made sure that the borrower’s businesses could continue to expand....
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