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
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)
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.
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.
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. 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.
Spain’s first social impact fund, the Huruma Fund, helps to fill the funding gap for smallholder and marginalised farmers in partner countries. The fund – a partnership between Spain, the European Union and private sector investors – shows how public resources can be used efficiently to attract private investment in areas of high risk but with a large impact on poverty.
The Government of Jamaica, through the Ministry of Finance and the Public Service held a visibility ceremony, on the Financing Agreement with the European Union (EU), to address Environmental and Climate Change challenges through the improved Forest Management in Jamaica Programme. Minister of Finance and the Public Service, Hon. Nigel Clarke, DPhil., M.P. in his opening remarks, used the opportunity to recognise what he called “an incredible partnership” between the government of Jamaica and the European Union.
Photo credits: EIB, Shutterstock
The European Investment Bank (EIB), the EU bank, continued to support Latin America and the Caribbean, providing €742 million of financing for 11 projects in 2021. These funds contribute to sustainable and inclusive development in the region, and to promoting climate action.
The majority of EIB loans in the region in 2021 were provided for public sector borrowers, with a climate action and environmental sustainability focus. In addition, in 2021 the EIB supported the renewable energy sector through loans to two private sector project developers totalling €315 million. The EIB also continued to provide COVID-19 support through direct sovereign loans to purchase vaccines and improve health resilience.
The European Development Days (EDD) are Europe’s leading forum on international partnerships, organised by the European Commission. The forum, which is headquartered in Brussels, brings key actors together to share ideas and experiences in ways that inspire new partnerships and innovative solutions to the world’s most pressing challenges. EDD 2022 will be a hybrid event for people interested in creating sustainable partnerships for a connected world.
For its 15th edition, the EDD will focus on “Global Gateway: building sustainable partnerships for a connected world.” Global Gateway is the new European Strategy to boost smart, clean and secure links in digital, energy and transport and strengthen health, education and research systems across the world.