News
Through a contribution under the Triple Inclusive Finance Programme (TIF) that reinforces a previous loan granted by FONPRODE.
IDB and IDB Invest held their Annual Meetings in the Dominican Republic from 6 to 10 March 2024. During the three initial days, the 48 member countries and other stakeholders engaged in discussions concerning development challenges and opportunities in Latin America and the Caribbean.
It will make a contribution under the Triple Inclusive Finance Programme (TIF), which reinforces a previous loan granted by FONPRODE.
COFIDES will contribute with a technical assistance to the Triple Inclusive Finance (TIF) Program that reinforces a previous loan granted by FONPRODE and which has the financial support of LACIF.
The Colombian city is committed to blue and green infrastructure in order to combat climate change and better cope with its effects through the LAIF City Life project, which receives funding from LACIF.
How does LACIF contribute to the reinforcement of health systems in Latin America and the Caribbean?
The Covid-19 crisis demonstrated the crucial role of multilateral institutions on health, prosperity and security at a global scale and the relevance of international partnerships to respond to such an unprecedented global emergency. International cooperation and solidarity is key in building resilience for future pandemics which requires increased research and more investments in healthcare infrastructure, medicine production and institutional capabilities.
The European Union is investing more than EUR 52 million in the country through LACIF, and thus leveraging an investment that exceeds EUR 1 billion.
Government of Dominica signs new agreement for development of geothermal power plant.
LACIF provided EUR 2 million for technical assistance to the Government of the Commonwealth of Dominica. The studies and drillings conducted have demonstrated the high geothermal potential and the construction of a power plant has recently been agreed.
eco.business Fund, advised by Finance in Motion, has announced it is extending a USD 20 million loan equivalent in local currency to Caja Arequipa, a Peruvian financial institution that lends to low-income individuals in rural provinces where agribusinesses have a significant environmental and social impact. The loan is part of a USD 50 million loan equivalent in local currency to Caja Arequipa structured by IDB Invest, the private sector arm of the IDB Group.
The Comprehensive Tourism and Urban Development Program of the Colonial City of Santo Domingo, or Revitalization Program, launched the Housing Improvement Program in the Colonial City (Promevi) in order to rehabilitate homes in poor conditions.