LATEST NEWS & EVENTS
Within the framework of the DINAMICA II Initiative of the Central American Bank for Economic Integration (CABEI), the German government, through KfW, and the European Union signed a non-reimbursable technical assistance agreement with the Technological Institute of Chalatenango (ITCHA) to strengthen the entrepreneurial ecosystem in the area.
With the support of the Green MSMEs Initiative II, a tripartite effort by the Central American Bank for Economic Integration (CABEI), the German Government, through KfW, and the European Union, the Central American Institute of Public Administration (ICAP) concluded the Capacity Building Program for MSMEs in Energy Efficiency, Cleaner Production, and Green Financing.
The LAGreen Fund, has successfully completed its inaugural investment in Brazil with a first of its kind transaction for the Fund through a local instrument “agribusiness receivable-backed securities” (CRA by its Portuguese acronym). The investment of USD 3.7 million supports Gencau, a pioneering agribusiness dedicated to sustainable sourcing and processing cocoa, while ensuring solid traceability.
UPCOMING EVENTS
SUCCESS STORIES
Banking and Financial services
Triple Bottom Line Inclusive Finance in Latin America. Promoting Climate Smart Finance & Better Access
Project led by COFIDES
- 30.000 previously unbanked MSMEs reached
- 62.000 jobs supported
- 7 entities supported in Ecuador, Peru, Colombia and Central America
Rural development
Support to enhance FONPLATA’s climate resilience capacity
Project led by EIB
- Fonplata, the Development Bank of the River Plata basin, has upgraded its environmental and social standards for the benefit of its member countries: Argentina, Bolivia, Brazil, Paraguay and Uruguay
- The cooperation among Fonplata, EIB and LACIF has allowed the implementation of four pilot projects in Bolivia and Brazil
Sustainable Energy
LAGreen - Latin American Green Bond Fund
Project led by KfW
- The LAGreen Fund is expected to reach a total of ~EUR 450 million by 2028.
- LAGreen aims to promote the development of the Bond market in Latin America and the Caribbean.
- Projects financed through LAGreen are focused on generating global environmental benefits and particularly to fight climate change.
- LAGreen has invested EUR 128 million in 9 countries and supported over 40...
Urban Development
Fondo MiVivienda - Promoting sustainable social housing in Peru
Project led by AFD
- 110,800 households certified as sustainable quality social housing, 10,500 out of which received support from LAIF
- "MiVivienda Verde programme” enabled the reduction of electricity consumption by 40% and of water consumption by 30% by 2024 in the new homes
- Development of urban planning measures in several Peruvian cities
Waste Management
Jujuy Integrated Waste Management Project
Project led by EIB
By 2025, the project shall have the following results:
- 600,000 direct beneficiaries of the improved waste management strategy
- 700 jobs created
- Recovery of 23,000 tons of waste
Sustainable energy
Cerro Dominador: The first thermal solar power plant in Latin America
Project led by KfW
- 235,000 tons CO2 equivalent per year of direct GHG emissions avoided through the project
- 580,000 MWh/year generated by the concentrated solar power plant
- 380,000 homes supplied with electricity 24 hours/day
- at least 1,906 jobs created through the “Mirror Programme”
INTERACTIVE MAP
Total investment cost foreseen:
EU contribution:
OUR PARTNERS
LEAD INTERNATIONAL FINANCIAL INSTITUTIONS
CO-IMPLEMENTING INTERNATIONAL FINANCIAL INSTITUTIONS
