News

Colombia
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08/11/2022

25 participants, involved in urban development projects all across Latin America, were brought together by the LAIF City Life Initiative to swap knowledge and experiences in Cartagena de Indias (Colombia).

This onsite workshop, which took place at the Spanish Cooperation Training Centre in Cartagena de Indias (from 24 to 28 October), is part of a course designed to help municipal managers and experts from associations of Latin American cities.

Medellin and Luxembourg
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26/10/2022

Lagreen, the Latin American Green Bond Fund established with seed capital from EU LAIF has developed with the IDB group a sustainability-linked bond issued by Bancolombia, a regional sustainable champion.

The $150 M bond proceeds will be dedicated to the bank's portfolio of investments with a social and environmental impact.

For more information read: https://lagreen.lu/lagreen-invests-in-bancolombia-bond-linked-to-unprecedented-sustainability-targets/

Bolivia
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26/10/2022

With the support of the Latin America and Caribbean Investment Facility (LACIF), EIB Global is working with the development bank FONPLATA in Argentina, Bolivia, Brazil, Paraguay and Uruguay on a series of urban and rural development projects.

Communities in remote villages in the Bolivian Andes have no access to mains electricity or running water. Until recently, they had to make do without electricity and relied on natural water sources that were often polluted, and often far from their homes.

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19/10/2022

The EU and Caribbean countries have kickstarted a new ambitious round of cooperation major issues such as the ‘Green Deal’, ‘Economic Resilience and Trade’ and ‘Governance, Security and Human Development.’ 

This cooperation, under the EU’s new international strategy ‘the Global Gateway’, has been formally launched during a meeting when European Commissioner for International Partnerships Jutta Urpilainen met leaders from 16 Caribbean countries (CARIFORUM representatives) in Barbados on October 12, 2022.

These new partnerships will be implemented until 2027 and will propose concrete actions to fight climate change, protect biodiversity, foster digital innovation and mobility of students and university staff in the region. 

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17/08/2022

LAGreen, the Latin American Green Bond Fund, teamed up with the United Nations Environment Programme Finance Initiative (UNEP FI) to promote capital market financing for green and social project investments in Latin America. The partners have launched a series of capacity building programs on green, social, sustainability, and securities-based lending bonds addressed to the banking sectors across the region. The first events have already taken place in Bolivia, Costa Rica, Ecuador, Mexico, Panama, Peru, and the Dominican Republic, and will be followed by an event in Brazil later this month.

The initiative is being implemented in Guatemala, Honduras, Costa Rica, El Salvador, Nicaragua and Panama, and is aimed at strengthening the MSME sector.
@photo taken from bcie.org

Honduras
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29/07/2022

Over the last five years, a total of 2,671 Honduran businesses have grown stronger thanks to a tripartite initiative, involving the EU’s Latin American and Caribbean Investment Facility (LACIF) 

Mexico
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13/07/2022

The Latin American Green Bond Fund (LAGreen) and Operadora de Servicios Mega (GF Mega) strengthened their commitment to promoting sustainability bonds in Mexico. This follows LAGreen supporting the MXN 3,000 million (ca. USD 150 million) publicly listed sustainable bond issued by Mega in May. The fund subscribed MXN 506 million (ca. USD 26 million) as one if its anchor investors and will provide ongoing technical assistance to support post issuance activities related to the bond.

Brussels
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28/06/2022

During the European Development Days (EDDs), the European Investment Bank (EIB) and the European Commission have announced a Contribution Agreement of EUR 17.5m from the Caribbean Investment Facility (CIF) to support the Caribbean Sustainable Water Management and Clean Oceans Programme. The event was attended by the Prime Minister of Belize and CARICOM Chairman, John Briceño, and the Ambassador of the Dominican Republic to the European Union (EU), Iván Ogando. This funding aims at improving climate resilience and contributes to healthy oceans through new investments in security of water supply, wastewater treatment, solid waste and storm-water management across the region.

Potosí, Bolivia
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28/06/2022

We invite you to watch and share the first of a series of videos prepared by the European Investment Bank (EIB) to learn more about the “Cosechando Agua, Sembrando Luz” project in Potosí, Bolivia and witness people living and working in Potosí share how the project positively impacted on their lives.

Kingston, Jamaica
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13/06/2022

Kingston, Jamaica. The European Union (EU) has contributed a non-reimbursable seven million euros towards Jamaica’s Boosting Innovation, Growth, and Entrepreneurship (BIGEE) Programme. Finance Minister and Chairman of the boards of governors of the Inter-American Development Bank (IDB) Dr. Nigel Clarke made the announcement, he said the grant will be used to complement the BIGEE Loan Programme.

Finance Minister Dr. Nigel Clarke who was speaking at the visibility ceremony noted that the BIGEE programme was funded through a loan of 25 million US dollars in support of the government’s thrust to improve Jamaica’s business and entrepreneurship landscape.