Andrews Kurth Represents IDB in $80 Million A/B Loan to Banco Pichincha C.A. (Ecuador)

(Washington, DC)—On February 25, 2015, the Inter-American Development Bank (“IDB”) closed on a US$ 80 million A/B loan facility to Banco Pichincha C.A. The proceeds of the loan will be used to increase the availability of financing for micro- and small-business owners in Ecuador and increase access to financial services for the population of the base of the pyramid in Ecuador

The U.S. based firm of Andrews Kurth LLP advised the IDB as international counsel. Local legal advice was provided by Pérez Bustamante & Ponce. 

Andrews Kurth Lawyers:

Vera Rechsteiner, Partner

Eric Markus, Partner

Siddharth Sethy, Associate

IDB In-house Counsel:

Gabriela Alexandra Nassau Ramos

IDB Ecuadorian Counsel:

Bruno Pineda-Cordero, Partner

Natalia Almeida-Oleas, Associate

Banco Pichincha C.A. US Counsel:

Cleary Gottlieb Steen & Hamilton LLP

Juan G. Giráldez, Partner

Carlos A. Ardile, Associate

As released by the former Andrews Kurth Kenyon LLP