The European Union’s Latin America Investment Facility, or LAIF, has signed a financing agreement to provide 5.75 million euros in technical assistance to the Triple Inclusive Finance (TIF) programme in Latin America. TIF will promote access to banking services to people currently lacking such access, and will support green microfinancing for micro-, small and medium enterprises in sustainable agriculture. In doing so, it will contribute to closing the banking gap in the region, particularly in rural areas, for low-income workers and for women, while fostering sustainable development in the farming sector.
Spain has awarded three new grants in recent weeks to support the response to the COVID-19 emergency by reinforcing drinking water and sanitation services in rural communities to ensure human rights to water and sanitation. Two of the donations are destined to the Salvadoran NGO PROVIDA and Asociación de Desarrollo Económico Social - ADES Santa Marta for a value of 119,472 and 93,148 euros, respectively, and the third to the Ecuadorian NGO Centro de Apoyo al Desarrollo PROTOS EC for 212,617 euros.
The Central American Bank for Economic Integration, the German Financial Cooperation, through KfW, and the European Union, through its Latin America Investment Facility (LAIF), contribute US$ 350 million to micro, small and medium-sized enterprises affected by COVID-19, through the Financial Sector Support Facility for MSMEs in Central America.
Through the Facility, credit resources are made available to MSMEs to finance their working capital and investment needs through existing financial institutions in the different Central American countries.
Join us on Friday 11 September from 15:00 to 16:15 CET for the online event 'Team Europe: Joining forces for financing the global recovery', which is dedicated to Team Europe’s response to the recovery in emerging and developing economies, the response of European financial institutions to COVID-19 and their coordination initiatives.
Dante Mossi, Presidente Ejecutivo del BCIE; Jolita Butkeviciene, Directora UE para LAC; Vania Vegas, Gerente de Programas de KfW; y Paul Stenier, Presidente de CONAMYPE.
The European Union (EU) together with the Central American Bank for Economic Integration (CABEI), the German Development Bank KFW and the National Commission for Micro and Small Enterprises (CONAMYPE) of El Salvador, announced on June 19 the launch of the Initiative Dinámica II - Special Window of El Salvador for 6 million euros, within the framework of the Financial Sector Support Facility for micro, small and medium-sized enterprises (MSMEs) affected by the COVID-19 crisis.
The Development Bank of Latin America (CAF), the French Development Agency (AFD), and the European Union Latin America Investment Facility (EU-LAIF), will launch this March 12, at 10:00 AM, in the City Hall of Guayaquil, a study for a Management Plan for Green Areas and Urban Trees of Guayaquil, Ecuador.
This study, part of the ‘Sustainable Cities and Climate Change’ Program, will be carried out in the next 15 months and will include nd allow:
1. The diagnosis of green spaces for public use and urban trees in the city of Guayaquil.
Representatives of the European Union Latin America Investment Facility (EU-LAIF) are participating to the Conference of the Parties of The United Nations Framework Convention on Climate Change (COP25) taking place in Madrid, Spain. It is the moment to discuss about new investment opportunities and new financing mechanisms that could be put in place to address the challenges related to climate change in Latin America and the Caribbean.
EU-LAIF will be participating in to the following sessions:
A final section of Honduras' Western Corridor project was inaugurated in Copán on November 22, 2020. The 119-kilometre stretch of road connects the Mayan ruins of Copán in Honduras with Guatemala and El Salvador.
This important infrastructure project will directly benefit 500,000 inhabitants of the Maya-Chortí region. It helps promote the growth of exports and sustainable development of the tourism sector, generating more than 5,000 direct and indirect jobs.
Latin America Investment Facility (LAIF) will be participating in the ‘Latin America and Caribbean Climate Week’ (LACCW 2019) that will be held in Salvador de Bahia, Brazil, from August 19 to 23, 2019.