IDB Invest, a member of the IDB Group, has approved a US$4 million loan to Surinamese company, Fernandes Guyana Enterprise (FGE) to expand bread production here.
A release yesterday from IDB Invest said that FGE is a subsidiary of the Fernandes Group, one of the main economic groups in Suriname.
The release said that the loan supports Fernandes Group’s growth strategy outside of Suriname, by financing an increase in its current bakery production and distribution capacity in Guyana.
