Projects

This project aimed to build the capacities of Brazil’s Minas Gerais Development Bank (BDMG) in its efforts to finance projects with a positive impact on post-covid 19 economic recovery. This project came together in a context where the pandemic exacerbated short term social and economic tensions, as well as structural environmental and climate tensions. In Brazil, federated states-owned banks played a relevant counter-cyclical role throughout the pandemic. In Minas Gerais (MG), the BDMG was particularly involved in the financing of emergency-response-related sectors and economic recovery policies. 

To that end, the EU invested € 3 175 000 (out of a total of € 74 175 000, together with AFD). The LACIF grant feeded the purpose of providing partial financing, through grants and/or green investment projects to BDMG’s most vulnerable clients and all sectors with the highest climate/environmental and social co-benefits.

The main objective of the project was to fac...

LACIF and KfW contribute to the achievement of the Brazilian goal of universalization of basic water and sanitation services and to socially-inclusive development in the rural areas of one of the states of Brazil with the lowest income, Ceará. Ceará has an estimated population of 9.0 million, 4% of Brazil’s total population, and shares only 2% of national GDP. It is is located in a semi-arid region where high average temperatures, low precipitation and recurrent droughts are characteristic, and where water and sanitation infrastructure is insufficient. Only one third of the households in rural areas have access to safe and piped drinking water.

The program’s overall objective is to strengthen the resilience of the rural population towards water scarcity, and improve access to drinking water, sanitation and sewage treatment. For this, the program will strengthen the capacities of the SISARs (the local operating companies – Integrated Rural Sanitation Systems) and commun...

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.

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.