Projects
The programme aims to improve public urban transport and non-motorised systems (walking and cycling) in Latin America´s main cities helping each country achieve its Nationally Determined Contributions (NDCs) to the Paris Agreement commitments, lowering Greenhouse Gas emissions and mitigating climate change impacts.
By providing a clear linkage between investment, project development and NDC targets, the programme creates a working pipeline of projects, which leads to more effective and sustainable efforts in the development of a portfolio of sustainable transport projects.
The programme, implemented by KfW and co-implemented by CAF, also fosters a regional dialogue forum to improve relevance and implementation of the international policy framework. This allows for knowledge exchange between the countries and increases visibility and adherence to the Paris Agreement commitments.
Dates: Dec/2022 - Dec/2027 | Status: ONGOING | Countries: Argentina, Bolivia, Brazil, Colombia, Ecuador, Mexico, Panama
LAGREEN is the first green bonds fund dedicated to Latin America. Its main purpose is twofold: to finance climate- and resource-friendly investments and to mobilise local and international private capital towards the issuance of more green bonds in Latin America.
LACIF is partnering with KfW to achieve the following objectives:
- to mobilise additional funding for Nationally Determined Contributions (NDC) implementation;
- to push local capital market development towards a transition to sustainable finance – thereby fostering transparency and long-term commitments in financial and economic activity;
- to reach a substantial greenhouse gas emissions mitigation and/or climate change adaption impact.
Dates: Dec/2020 - Dec/2035 | Status: ONGOING | Countries: Dominican Republic, Bolivia, Brazil, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Peru
Argentina, Brazil, Bolivia, Paraguay and Uruguay are shareholders of Fonplata, a regional multilateral financial institution established to foster inclusive development within the River Plata Basin and surrounding regions. The project had the objective of supporting multi-sector initiatives centered on climate mitigation and adaptation, in sectors such as the provision of basic services in rural and urban areas, urban renewal, and improvement of climate change resilience in the Basin. The target of this EIB-led initiative were small-sized projects with a focus on social deprivation and climate resilience.
LACIF contributed with technical assistance to support Fonplata in improving its policies and procedures in areas identified as priorities. The main focus of this support was to upgrade environmental and social safeguards in line with EU standards.
Dates: Dec/2018 - Dec/2024 | Status: ONGOING | Countries: Argentina, Bolivia, Brazil, Paraguay, Uruguay
This project aims at expanding and improving access to water and sanitation services for more than 200 000 people while enhancing sector governance in Bolivia. Furthermore, national policy for integrated water resources management is strengthened, reducing the impact of climate change on the most vulnerable segments of Bolivian society.
LACIF funds contribute to this initiative, which is implemented by AECID with the support of the IDB, by: carrying out quality and design studies, including essential aspects in the management of water resources,
- carrying out comprehensive master plans for water, sanitation and urban drainage,
- integrating water cycle management into urban planification schemes,
- building capacity in key urban institutions,
- making key improvements in water and sanitation services (energy efficiency, leak control, commercial management, operation and maintenance, user awareness and civil society invol...
Dates: Dec/2017 - Dec/2025 | Status: ONGOING | Countries: Bolivia
LACIF contributes to Bolivia’s first large-scale photovoltaic project, which is led by AFD. It entails the construction of a 50 MW photovoltaic (PV) power plant in the Altiplano region, in the highlands of western Bolivia, and its connection to the Bolivian national grid. The PV plant boosts electricity generation by approximately 100 GWh/year and contributes to the diversification of the Bolivian energy mix, reinforcing Bolivia's national strategy to develop renewable energies (wind and solar), which are expected to reach 70% of installed capacity in 2025.
Dates: Dec/2016 - Oct/2025 | Status: ONGOING | Countries: Bolivia
LACIF's action was embedded in the "Cities with a Future" program, launched by CAF with the suport of AFD, to accompany policies for sustainable urban development in Latin America and to promote an integrated, multi-sectoral approach to urban development in order to better answer the challenges faced by local governments. The Program helped structure a dialogue with the cities on four main issues: inclusive urban development, productive transformation, environmental sustainability and institutional strengthening and security. In the framework of the Program, the first step towards implementation included technical assistance (diagnosis and priorities) financed through a grant, leading to investments as a second step. The action had two components: a credit facility and technical assistance.
Dates: Dec/2015 - Sep/2023 | Status: COMPLETED | Countries: Argentina, Bolivia, Brazil, Colombia, Ecuador, Peru
This project connects several communities of the Department of Potosí with the rest of the country through the construction of a 188.3 km section of a single carriageway road, improving the living conditions of local communities, unlocking large and remote areas and spurring economic development through trade (particularly of agricultural products), improving access to markets and the mobility of people as well as boosting tourism. Likewise, the project, which is implemented by EIB in partnership with CAF, contributes to regional integration by improving access to neighboring countries (Chile, Argentina, Paraguay), with the prospect of increasing Bolivian exports to these countries and further developing the local tourism sector.
Dates: Dec/2014 - Dec/2021 | Status: STOPPED | Countries: Bolivia
The Geothermal Development Facility for Latin America aims at overcoming existing barriers to the development of geothermal energy by providing: (i) a tailored Geothermal Risk Mitigation Fund in order to diminish geothermal resource risk during the exploratory drilling stage of the project; (ii) geothermal investment financing windows to deliver anchor financing for subsequent investments during the production drilling and construction stages; and (iii) a Technical Assistance Forum to offer a suitable venue for policy dialogue between donors and partner governments. The project is led by KfW and counts with the support from the European Union through LACIF, and from BMZ.
Dates: Dec/2014 - Dec/2026 | Status: ONGOING | Countries: Bolivia, Chile, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Peru
The LACIF contribution to this AECID-led initiative aims to improve water and sewerage infrastructures and contribute to reducing the risk of diseases caused by deficient water management in the Latin American region through the development of various projects. These are grouped into two components: Component I, projects for adaptation to climate change (ACC) and Component II, projects for the integrated management of water resources.
The projects include the reinforcement of capacities associated with the programs; studies developed in the pre-investment phase to identify new investments in new actions; review of regulations and the development of methodologies, tools and manuals which have an impact on future investments.
Dates: Dec/2013 - Dec/2024 | Status: ONGOING | Countries: Argentina, Bolivia, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, Venezuela
LACIF supported AFD and CAF in this program whose goal was to increase knowledge of urban development and transport in the region, by identifying new sources of financing for public transport projects (public-private partnerships, land valuation, etc.); identifying the regulatory obstacles to innovative transport projects and the way to surmount them; highlighting the potential of local communities to carry out this type of projects; and making it possible to define the technical and financial contours of specific projects in targeted cities (master plans and prefeasibility studies), thus promoting the emergence and implementation of public transport projects in the region.
Dates: Oct/2011 - Apr/2017 | Status: COMPLETED | Countries: Argentina, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Mexico, Paraguay, Peru, Uruguay
This program was aimed at financing investments in renewable energy and environmental protection projects in Latin America. To complement the investment funding of KfW, the EU granted technical assistance funds through LACIF to carry out studies that fostered innovative technologies and projects in the sector with the aim of converting them into potential investment projects for CAF. These included feasibility studies and renewable energy potential assessments for Latin American countries, among other climate change projects and initiatives.
Dates: Mar/2011 - Feb/2021 | Status: COMPLETED | Countries: Argentina, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Paraguay, Uruguay
