News
Level Up Learning Consulting Group, Inversiones RJMR CREV, and Electroconversiones are the three Costa Rican companies that demonstrated they have the most innovative projects in sustainable mobility in Costa Rica and were winners of the Regional Sustainable Mobility Contest in the country, which was carried out through the Green MSME II Initiative of the Central American Bank for Economic Integration (CABEI), the Government of Germany (through KfW), and the European Union (EU), in alliance with the Costa Rican Mobility Association Electrical (ASOMOVE).
COFIDES and Banco Contactar of Colombia have signed an agreement to implement a technical assistance project aimed to promote the supply of savings to the country's rural population, as part of the Triple Inclusive Finance (TIF) program.
eco.business Fund has announced a landmark investment in Caja Municipal de Ahorro y Crédito Cusco S.A. (Caja Cusco), a leading microfinance institution in Perú, through a senior loan totaling USD 15 million equivalent in local currency. The loan has a 5-year maturity and is structured as a synthetic facility. Moreover, this loan is an innovative instrument designed to combine environmental and financial benefits.
LAGreen Fund, a leading green bond fund dedicated to Latin America and the Caribbean, proudly announces its investment in the first thematic bond issued in the Guatemalan market. The USD 20 million investment will be dedicated to investing in green initiatives within small and medium-sized enterprises.
The 16th International Economic Forum on Latin America and the Caribbean took place in Paris on 22 May 2024 and focused on scaling up financing for development.
A group of 24 women from the Ngäbe Buglé region will be trained on the installation and repair of micro-electricity generation systems based on solar panels, in addition to receiving training in management and business development. Each participant will receive two solar photovoltaic system kits for their homes and businesses, positively impacting 215 families in the short term and benefiting approximately 600 people in the long term.
As part of the DINÁMICA II Initiative, the Central American Bank for Economic Integration (CABEI), the Government of Germany, through KfW, and the European Union launched today the Regional Seed Capital Program for US$5.2 million, of which US$2.8 million is exclusively for El Salvador, within the framework of the celebration of the DINÁMICA Fair, with the objective of energizing the entrepreneurial and business ecosystem, generating income and new jobs in the Central American region.
The eco.business Fund, advised by Frankfurt-based impact investment firm Finance in Motion, has granted a loan of USD 20 million to Banco Industrial do Brasil (BIB).
Through a contribution under the Triple Inclusive Finance Programme (TIF) that reinforces a previous loan granted by FONPRODE.
IDB and IDB Invest held their Annual Meetings in the Dominican Republic from 6 to 10 March 2024. During the three initial days, the 48 member countries and other stakeholders engaged in discussions concerning development challenges and opportunities in Latin America and the Caribbean.
