BRIDGETOWN, Barbados — IDB Invest approved financing of USD 5 million for Occidental Bank Ltd. to expand access to short-term funding for companies, including small and medium-sized enterprises (SMEs), engaged in international trade in Latin America and the Caribbean.
The operation will help Occidental Bank deliver more trade-financing solutions to local and regional companies that import, export, and connect countries in the region with regional and global markets. By supporting the financial flows behind cross-border transactions, the project will help companies move goods, manage working capital, strengthen supply chains, and boost growth.
The agreement was signed during Sustainability Week 2026, IDB Invest’s flagship event, which brought together more than 800 participants in Barbados — including 350 private-sector companies — to explore business and investment opportunities and support private-sector-led growth across Latin America and the Caribbean.
The operation is part of IDB Invest’s Trade Finance Facilitation Program (TFFP), a regional platform that helps unlock international trade by providing guarantees for eligible financial instruments issued in Latin America and the Caribbean. Through the TFFP, IDB Invest works with a global network of banks to mobilise capital, strengthen local banks, and support importers and exporters.
Beyond financing, IDB Invest will support Occidental Bank with expertise in trade-finance structuring, risk mitigation, and international banking standards, helping strengthen its trade-finance operations and relationships with international partners.