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”