News
COFIDES has launched today the Kuali Fund, a pioneering Spanish impact investment fund focused on climate mitigation and adaptation, with a target size of over 200 million euros. Kuali Fund aims to accompany countries in Latin America and the Caribbean, and India in their low-carbon development pathways while increasing their climate resilience.
The LAGreen Fund, in partnership with Banco de América Central S.A. (BAC Guatemala), proudly announces its investment in BAC Group first sustainability bond issuance. This landmark transaction underscores LAGreen’s commitment to strengthening sustainable finance and fostering green market growth across Latin America.
The European Union (EU), in collaboration with the Development Bank of Latin America and the Caribbean (CAF), has provided a TTD 23 million (3 million Euros) grant to the Government of Trinidad and Tobago to support its national digitalisation programme.
The European Commission approved CAF's first blending operation in Trinidad and Tobago, amounting to 3 million Euros, for a digital transformation program that includes the development of electronic identity, a public data interoperability platform, and a government data center.
The LAGreen Fund, in collaboration with Banco Interamericano de Finanzas (BanBif) in Peru, proudly announces the completion of the first subordinated green bond issuance in the country. This issuance represents LAGreen’s inaugural primary market investment in Peru, underscoring its commitment to fostering the growth of the green bond market across Latin America.
The Water and Sanitation Cooperation Fund (FCAS in its Spanish acronym) has carried out a study to analyse in depth two key aspects of its global strategy through the Stockholm International Water Institute (SIWI) and the Inter-American Development Bank (IDB): its work in schools and the implementation of the cultural diversity approach to incorporate indigenous peoples in water and sanitation programmes.
eco.business Fund provided a loan of USD 15 million to Banco Bolivariano, to support the adoption of sustainable business practices in Ecuador. The investment will be channeled to finance Banco Bolivariano's expansion of its sustainable agriculture and aquaculture portfolios, particularly in certified sustainable shrimp production, one of Ecuador's most vital export sectors.
In an effort to strengthen the Salvadoran entrepreneurial ecosystem through the DINÁMICA II Initiative of the Central American Bank for Economic Integration (CABEI), the Government of Germany, through KfW and the European Union, a Non-Refundable Technical Assistance agreement was subscribed in favor of the Innovation Hub, Sandbox.
The eco.business Fund has committed a USD 30 million investment in Banco de Desenvolvimento de Minas Gerais S.A. (BDMG), to advance sustainable practices within the agribusiness sector in Brazil. This investment is part of a USD 250 million AB Loan transaction structured and arranged by CAF - Development Bank of Latin America and the Caribbean.
The eco.business Fund (EBF) has extended a USD 35 million, two-year senior loan to Banco Agromercantil de Guatemala (Bam) to further promote sustainable agribusiness practices in the region. This financing will directly support certified companies and green projects in key agricultural sub-sectors such as coffee, banana, and sugarcane, bolstering climate change adaptation and responsible resource use.
