Alcogal acted as local counsel to Global Bank in connection with a loan for an amount of up to US$50 million dollars granted by Japan International Cooperation Agency’s (JICA). This transaction marks JICA's first foray into investment financing in the private sector in Panama.
Proceeds of this loan will strengthen Global Bank Corporation’s portfolio financing provided to, Micro, Small and Medium Companies, and promote the closing of the existing gender breach in Panama.The successful negotiation and structuring of this deal were proficiently managed, from the Panamanian legal perspective, by Alcogal's team, led by partners Patricia Cordero and Rafael Marquínez.