Projects

This project aims to promote the renewable hydrogen market in Chile, foster local supply chains and strengthen the potential for renewable hydrogen exports to Europe, while considering the importance of a just energy transition. 

The support of the Global Gateway Renewable Hydrogen Funding Platform for Chile is designed to channel private sector funding to allow for the required financing for the first renewable hydrogen projects at industrial scale and favour the necessary cost reduction in the sector. 

Renewable hydrogen has been identified by the European Commission as a key enabler to transition to climate neutrality. Its future demands in the European Union will require the creation of global markets to import large volumes of renewable hydrogen from countries able to meet high economic attractiveness and sustainability targets set by the EU. Therefore, the development of a renewable hydrogen economy is seen as an essential building block to achieve the Ch...

Sector: Sustainable energy    |   Projected total investment size: € 1 250 000 000    |   EU contribution: € 16 510 000
Dates: Dec/2023 - Dec/2028    |   Status: ONGOING    |   Countries: Chile

The project aims to support the Caribbean region in its adaptation to climate change and its low carbon transition through the integration of climate-risks in the financial systems regulation and supervision activities and the financing of climate public investments. It will:

  • Support three of the main central banks of the Caribbean region (the Eastern Caribbean Central Bank, the Bank of Jamaica and the Central Bank of Dominican Republic) to integrate climate-related risks in their regulation and supervision activities. Activities will be based on the actions promoted by the Network for Greening the Financial System.
  • Support the Caribbean Development Bank (CDB) to promote the financing of adaptation and mitigation investments with a gender lens. Some of the pre-identified activities within CDB are:
    • Establishment of a regional gender research fund to support CDB’s gender strategy;            
    • Establishmen...
Sector: Banking and financial services    |   Projected total investment size: € 53 390 000    |   EU contribution: € 6 150 000
Dates: Dec/2023 - Dec/2028    |   Status: ONGOING    |   Countries: Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Saint-Vincent and the Grenadines, St Kitts and Nevis, St Lucia, Suriname, Trinidad & Tobago

This project will improve healthcare provision in Barbados´ principal acute care medical facility, the Queen Elizabeth Hospital, which currently has 519 beds and 2,400 staff. The Accident and Emergency Department delivers emergency care to about 45,000 patients per year; and the Radiology and Medical Imaging Department receives an average of 50,000 requests and referrals per year. The digitalisation project of the Hospital would improve governance standards, data quality and interoperability of protocols, integrate health information systems and strengthen capacity building. This transformation will improve the quality of clinical services by providing safe, effective, timely and integrated patient-centered care benefitting 45,000 patients per year, while increasing staff satisfaction as well. 

Sector: Health    |   Projected total investment size: € 604 280 000    |   EU contribution: € 4 280 000
Dates: Jun/2023 - Jan/2026    |   Status: ONGOING    |   Countries: Barbados

The project aims to strengthen the Bahamas Health System by enhancing the capacity of primary healthcare to deliver accessible and high-quality services. This is to be achieved through the construction of two new facilities, the retrofitting of four existing ones, and the procurement and upgrade of medical equipment. It will particularly facilitate access and improved services to approximately 70,000 people living in twelve Family Islands and the retrofitting of the National Reference Laboratory to benefit 220,000 people.

The project will introduce digital health information systems in 54 clinics that will improve quality healthcare for at least 157,000 persons or 40% of The Bahamas population. The project is aligned to the Ministry of Health and Wellness current priority to improve the Health System after COVID 19.

Sector: Health    |   Projected total investment size: € 42 259 120    |   EU contribution: € 5 209 760
Dates: Mar/2023 - Apr/2027    |   Status: ONGOING    |   Countries: Bahamas

The programme aims to improve public urban transport and non-motorised systems (walking and cycling) in Latin America´s main cities helping each country achieve its Nationally Determined Contributions (NDCs) to the Paris Agreement commitments, lowering Greenhouse Gas emissions and mitigating climate change impacts.

By providing a clear linkage between investment, project development and NDC targets, the programme will create a working pipeline of projects that will lead to more effective and sustainable efforts in the development of a portfolio of sustainable transport projects.

The programme will also foster a regional dialogue forum to improve relevance and implementation of the international policy framework. This will allow for knowledge exchange between the countries, increase visibility and adherence to the Paris Agreement commitments.

Sector: Transport    |   Projected total investment size: € 43 964 150    |   EU contribution: € 4 364 150
Dates: Dec/2022 - Feb/2028    |   Status: ONGOING    |   Countries: Argentina, Brazil, Bolivia, Colombia, Ecuador, Mexico, Panama

This programme addresses the multitude of challenges faced by the water sector in the Caribbean, including the lack of asset management strategies, lack of adequate maintenance, high energy costs, inadequate waste-water treatment capacity and lack of water storage capacity. Climate change is also leading to extreme weather events and unpredictable water availability in the region, while pollution and over-fishing also affect the health of many of its ocean ecosystems which need to be tackled in a comprehensive manner.

EU and EIB are investing in security of water supply, wastewater collection and treatment, storm-water management and solid waste management, which contributes to water resources conservation, disaster risk reduction and protection of biodiversity.

Sector: Water supply & sanitation    |   Projected total investment size: € 400 250 000    |   EU contribution: € 17 350 000
Dates: Jul/2022 - Jan/2030    |   Status: ONGOING    |   Countries: Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Dominican Republic, Haiti, Guyana, Jamaica, Saint-Vincent and the Grenadines, St Kitts and Nevis, Grenada, St Lucia, Trinidad & Tobago, Suriname

The project implemented by the EU and IDB seeks to revitalize the urban, economic and cultural aspects of the Colonial City of Santo Domingo. While the Dominican Republic is one of the main tourist destinations in the region and the Colonial City of Santo Domingo is a strategic axis of tourism and urban development, it is also characterised by marginalised and segregated households, with a high presence of low-income families, and high degrees of urban spatial degradation. Nevertheless, it has the potential to become a world-renowned tourist attraction by investing in areas such as transport and mobility, spatial planning and land, housing and habitat, security, and fiscal and institutional capacity, which would in turn diversify tourism in the Dominican Republic and contribute to the economic growth and social well-being of Dominicans.

The project will develop a sustainable urban mobility plan, including an electromobility pilot project, and a housing improvement programme, a...

Sector: Urban development    |   Projected total investment size: € 80 390 000    |   EU contribution: € 3 210 000
Dates: Apr/2022 - Nov/2025    |   Status: ONGOING    |   Countries: Dominican Republic

Over the past decades, Jamaica has experienced low levels of economic growth – less than 1% yearly average – and debt levels to GDP ratios of over 100%. Because the COVID-19 pandemic has proved its devastating impact on economy, tackling health security issues and the need for availability and access to water, sanitation, and hygiene are thus of utmost importance to boost the country’s entrepreneurship.

Through LACIF, the EU spearheaded a collective initiative by Inter-American Development Bank (IDB) and Development Bank of Jamaica (DBJ), supporting the Jamaican government to undertake specific economic measures, such as the provision of grants and support to the most affected. The project translates into a total investment of 51.356.000 euros to promote inclusive growth and productivity by fostering innovation in the private sector. It will also carry a strong gender-responsive component, since Jamaican women play a disproportionate role in responding to the pandemic an...

Sector: Support to SMEs    |   Projected total investment size: € 51 356 000    |   EU contribution: € 7 400 000
Dates: Feb/2022 - Feb/2027    |   Status: ONGOING    |   Countries: Jamaica

In addition to factors such as the ageing population, chronic diseases and high-cost treatments, specific factors to Colombia's General System of Social Security threaten its financial stability. These factors range from limited funding in a context of increasing demand for new affiliates and expensive technology, to a fragmented service model with deficiencies in primary care services, health promotion and disease prevention programming; and the recent waves of Venezuelan migrants without health insurance, who receive expensive emergency medical care.

In response to these challenges, the EU mobilised resources through the LACIF, IDB and AECID (totalling 152.112.000 EUR) to support the Government of Colombia in improving the country’s institutional capacities in health planning and management at the territorial level. The project will further serve to better the health outcomes of migrants and host communities by increasing the coverage of affiliation to the SGSSS and improv...

Sector: Health    |   Projected total investment size: € 152 112 000    |   EU contribution: € 14 000 000
Dates: Dec/2021 - Dec/2025    |   Status: ONGOING    |   Countries: Colombia

The COVID-19 pandemic has brought to light how fragile the health system in Peru remained. Large and sudden inflows of Venezuelan migrants/displaced persons in recent years reinforced the pressure on Peru’s health system, ill-adapted to challenges caused by the demographic and epidemiological transition and increased non-communicable diseases.

In the framework of LACIF, the EU has partnered up with AFD, AECID and IDB, through a contribution of 7.392.000 euros, to improve the offer of health care facilities in Lima Norte (Peru). The project will further provide better access to essential health services by the most vulnerable segments of the population, including migrants/displaced persons and refugees.

To achieve this, the project is divided into three main components:

  • Improving the quality of healthcare provided by the public health facilities in San Martin de Porres.
  • Improving planning and coordination of care at the Integrated Health Network Servi...
Sector: Health    |   Projected total investment size: € 113 292 000    |   EU contribution: € 7 392 000
Dates: Dec/2021 - Feb/2025    |   Status: ONGOING    |   Countries: Peru

With more than 2 million people, the Metropolitan Area of Asuncion (MMA) is the most populated area in Paraguay, with only 30% of the population having access to a sewage network. This means that most of the Paraguayan population suffers from poor sanitary conditions and serious health issues.

In the framework of LACIF, the EU, AECID and IDB have come together with a total investment of 161.230.000 euros to support the Paraguayan government in addressing how essential water and sanitation services are considering the impact of the COVID 19 crisis. This high-priority project is set to build the capacities of the Paraguayan government to find sustainable solutions for people living in vulnerable conditions, water resource and services and adaptation to climate change.

The project has three components:

  • Works: This component includes infrastructure to expand the sewage network and implement progressive solutions to wastewater treatment and reduced water losses. Th...
Sector: Water supply & sanitation    |   Projected total investment size: € 161 337 646    |   EU contribution: € 10 507 646
Dates: Dec/2021 - Apr/2026    |   Status: ONGOING    |   Countries: Paraguay

This project aims to set up a Regional Fund that will provide Central American Integration System (SICA) countries with funds to run projects that both address and prevent natural disasters.

This is done in a context of the region’s vulnerability to climate change. To that end, the EU is putting together € 4 925 000 (out of € 1 705 495 000 as total investment with lead partner CABEI) towards the setup of a Regional Fund. These investments will contribute to the mitigation of the impact by extreme events, while improving capacity to deal with climate change. For these reasons, the Fund will serve as a catalyst to ensure focused action is maintained at national and international levels.

More specifically, the Fund aims to help build SICA countries’ capacities in the development of viable climate change projects by providing technical assistance for project preparation. It will do so by facilitating:

  • Climate risk assessment and studies...
Sector: General Environment Protection    |   Projected total investment size: € 1 705 495 000    |   EU contribution: € 4 925 000
Dates: Dec/2021 - Dec/2026    |   Status: ONGOING    |   Countries: Belize, Dominican Republic, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama

This project aims to build the capacities of Brazil’s Minas Gerais Development Bank (BDMG) in its efforts to finance projects with a positive impact on post-covid 19 economic recovery. This project comes in a context where the pandemic has exacerbated short term social and economic tensions, as well as structural environmental and climate tensions. In Brazil, federated states-owned banks have played a relevant counter-cyclical role throughout the pandemic. In Minas Gerais (MG), the BDMG has been particularly involved in the financing of emergency-response-related sectors and economic recovery policies. 

To that end, the EU has invested € 3 175 000 (out of a total of € 74 175 000, together with AFD). The LACIF grant feeds the purpose of providing partial financing, through grants and/or green investment projects to BDMG’s most vulnerable clients and all sectors with the highest climate/environmental and social co-benefits.

The main objective of the project is...

Sector: Reconstruction Relief & Rehabilitation    |   Projected total investment size: € 74 175 000    |   EU contribution: € 3 175 000
Dates: Dec/2021 - Dec/2023    |   Status: ONGOING    |   Countries: Brazil

This project aims to upgrade and enhance the capacities of three Cuban public health institutions (namely IPK, INHEM, and INEF) by contributing to the upgrading of their equipment and material, and by providing immediate support to the current COVID-19 outbreak.

Sector: Health    |   Projected total investment size: € 30 392 000    |   EU contribution: € 5 992 000
Dates: Oct/2021 - Oct/2024    |   Status: ONGOING    |   Countries: Cuba

On September 1st, 2019, The Bahamas was impacted by category 5 Hurricane Dorian, the strongest on record for the country. According to the Damage and Loss Assessment (DALA), Dorian damaged 54% of the total infrastructure of the country’s power sector.

Through LACIF, the EU joined forces with IDB to support The Bahamas government in its rehabilitation of critical energy infrastructure and restoration of electricity service in islands heavily affected by hurricane Dorian, while integrating renewable energy.

In order to build the capacities of The Bahamas government to become more resilient to climate change and extreme weather events, the project will invest a total of 81.000.000 euros in resilient infrastructure, stronger environmental protection, and renewable energy as a cleaner and cheaper energy source.

The project is declined into the main following 3 components:

  • Immediate Rehabilitation to Introduce More Resilient and Renewable Energy Infrastructu...
Sector: Sustainable energy    |   Projected total investment size: € 81 000 000    |   EU contribution: € 8 200 000
Dates: Oct/2021 - Mar/2026    |   Status: ONGOING    |   Countries: Bahamas

The main purpose of this project is to mitigate the immediate impacts of the COVID-19 epidemic on the Dominican Republic and to reinforce the country’s capacities in terms of resilience, preparedness and response to crises through the enhancement of its health and social policies while at the same time promoting Good Governance principles. This will be done through the strengthening of the country’s health surveillance system and the development of social protection measures, with a particular focus on women's empowerment.

The project includes two components: the development of rapid responses and long-term public policies to support the healthcare system, the social protection sector and the economy, and the implementation of technical assistance and equipment investments to support the development of the measures mentioned above.

Sector: Health    |   Projected total investment size: € 433 500 000    |   EU contribution: € 8 448 000
Dates: Jun/2021 - Jun/2025    |   Status: ONGOING    |   Countries: Dominican Republic

Costa Rica has set out to implement a very ambitious National Plan for Decarbonization 2018-2050 (Plan Nacional de Decarbonización, PND). In order to assist Costa Rica in achieving its carbon neutrality objectives, the EU -through LACIF- partnered with AFD and the National Bank of Costa Rica (BNCR) and decided to dedicate a total of 83.600.000 euros to this aim.

This project aims at catalysing the financing of the low carbon transition in Costa Rica. This will be achieved via the mobilisation of the banking sector; by promoting investments and key infrastructures in priority areas for sustainable socio-economic development including SMEs, private sector development, e-mobility, energy, water and environment with a focus on climate change mitigation and adaptation.

More specifically, the project will strive to support electric mobility schemes though a dedicated technical assistance, given that the transport sector is the main source of CO2 emission in the country.

...
Sector: Transport    |   Projected total investment size: € 68 410 000    |   EU contribution: € 3 210 000
Dates: Apr/2021 - Oct/2025    |   Status: ONGOING    |   Countries: Costa Rica

 

LAGREEN is the first green bonds fund in Latin America. Its main purpose is twofold: to finance climate- and resource-friendly investments and to mobilise local and international private capital towards the issuance of more green bonds in Latin America.

The specific objectives of this fund are:

  • to mobilise additional funding for Nationally Determined Contributions (NDC) implementation;
  • to push local capital market development towards a transition to sustainable finance – thereby fostering transparency and long-term commitments in financial and economic activity;
  • to reach a substantial greenhouse gas emissions mitigation and / or climate change adaption impact.
...
Sector: Sustainable energy    |   Projected total investment size: € 450 450 000    |   EU contribution: € 16 050 000
Dates: Dec/2020 - Dec/2035    |   Status: ONGOING    |   Countries: Dominican Republic, Brazil, Bolivia, Colombia, Costa Rica, Ecuador, El Salvador, Honduras, Mexico, Peru

The objective of the program is to improve the infrastructure and institutional capability of beneficiary municipalities to help both migrants and their host communities through the implementation of performance-based management systems.

The Inter-American Development Bank (IDB) loan operation will contribute to improve fiscal and urban sustainability in 5 metropolitan areas through investments in institutional strengthening and infrastructure. The complementary LACIF grant will enhance this objective by strengthening the capacity of Colombian metropolitan areas that are receiving Venezuelan migrants to integrate newcomers effectively.  And, grant funds from the Korean Poverty Reduction Fund (KPRF) will help to design an integrated migrant assistance model (MAM) based on baseline and diagnostic studies of existing management systems utilized by subnational governments to support migrant integration. 

Specifically, the program will finance the consolidation...

Sector: Urban development    |   Projected total investment size: € 109 200 000    |   EU contribution: € 10 200 000
Dates: Nov/2020 - Dec/2023    |   Status: ONGOING    |   Countries: Colombia

Ecuador is a highly urbanised country, with more than 70% of the population living in cities, as a result of migration from rural areas.

In a bid to curb down the impact of rural migration, LACIF and AECID decided to invest a total of 109,211,053 euros on improving the living conditions of the rural population of the Portoviejo Canton (Ecuador). They aim to do so by promoting the effective realisation of the human rights to water and sanitation of the rural population of the Portoviejo Canton.

More concretely, the project will make the population’s access to safe drink water and sanitation facilities both better and sustainable. The project will also strengthen the operation and maintenance of the water and sanitation facilities in sustainable conditions.

Sector: Water supply & sanitation    |   Projected total investment size: € 113 999 795    |   EU contribution: € 10 400 000
Dates: Nov/2020 - Dec/2024    |   Status: ONGOING    |   Countries: Ecuador

The project seeks to alleviate the pressure on the reference hospitals in Kingston from the large, underserved populations in three parishes of the country’s interior. It will promote the construction, remodelling, and expansion and provision of medical equipment for ten health centres in the catchment areas of the hospitals. Also, the government will develop and implement policies to combat non-communicable diseases (NCDs) as well as to strengthen priority health care services’ networks (three hospitals and associated health centres).

The main objective of the IDB hybrid operation is to contribute to improving the health of Jamaica’s population. The specific objectives are:

1. To reduce the burden of NCDs through the support for prevention policies;

2. To improve access to health services.

Sector: Health    |   Projected total investment size: € 54 430 000    |   EU contribution: € 10 200 000
Dates: Nov/2020 - Mar/2025    |   Status: ONGOING    |   Countries: Jamaica

The programme will finance capacity building and studies for the development of renewable photovoltaic solar energy projects and energy efficiency measures in public buildings and in small and medium-sized enterprises (SMEs).

The programme is structured into three components:

(i) pre-investment studies and implementation of renewable energy and energy efficiency in SMEs,

(ii) pre-investment studies and implementation of renewable energy and energy efficiency projects using performance based contracts through private energy service providers to the public sector and

(iii) Capacity building and institutional support for the management of renewable energy and energy efficiency projects and performance based contracts.

The objective of this project is to reduce Barbados’s dependency on imported fossil fuels through the increased use of renewable energy and energy efficiency t...

Sector: Sustainable energy    |   Projected total investment size: € 45 845 874    |   EU contribution: € 13 260 000
Dates: Nov/2020 - Apr/2026    |   Status: ONGOING    |   Countries: Barbados

The TIF Program will have a three-pillar framework (financial, social and environmental, known as Triple Bottom Line) and a twofold objective: downscaling financial services -being more inclusive tackling at the bottom of the pyramid- and promoting climate-smart finance. 

The TIF Program aims at bringing together the tools, actors and financing necessary to improve access to finance for low-income populations whilst reducing climate risk and vulnerability, especially in the case of smallholder farmers. More specifically, this initiative seeks to reduce climate risk in lending portfolios of Financial Service Providers and scaling up climate-smart lending, especially to urban and rural micro, medium and small-sized enterprises with no or limited access to the formal financial sector, including also small to medium and smallholder farmers.

TIF will provide support to Financial Service Providers serving MSMEs through the provision of long-term loans (Debt Facility) and ...

Sector: Banking and financial services    |   Projected total investment size: € 59 450 000    |   EU contribution: € 6 050 000
Dates: Oct/2020 - Oct/2025    |   Status: ONGOING    |   Countries: Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Peru

This program will contribute to the achievement of the Brazilian goal of universalization of basic water and sanitation services and to socially-inclusive development in the rural areas of one of the poorest states of Brazil, the State of Ceará. Ceará has an estimated population of 9.0 million, 4% of Brazil’s total population, and shares only 2% of nation al GDP. Ceará is located in a semi-arid region where high average temperatures, low precipitation and recurrent droughts are characteristic, and where water and sanitation infrastructure is insufficient. Only one third of the households in rural areas have access to safe and piped drinking water.

The program’s overall objective is to strengthen the resilience of the rural population towards water scarcity, and improve access to drinking water, sanitation and sewage treatment. For this, the program will strengthen the capacities of the SISARs (the local operating companies – Integrated Rural Sanitation Systems) and co...

Sector: Water supply & sanitation    |   Projected total investment size: € 69 900 000    |   EU contribution: € 7 400 000
Dates: Jun/2020 - Jun/2026    |   Status: ONGOING    |   Countries: Brazil

This programme seeks to support the Dominican authorities at both local and national levels in their engagement in transformational actions for a more sustainable urban mobility. It will support the new transport institution, INTRANT, to implement the recently formulated National Urban Mobility Policy (NUMP), as well as the Sustainable Urban Mobility Plan (SUMP) elaborated for the city of Santo Domingo in the framework of MobiliseYourCity (MYC) initiative. It will also measure their impact in terms of greenhouse gas emissions reduction and report the mitigation outcomes.

The programme will provide the necessary support through technical assistance (capacity building, training, project preparation studies) and investments (in equipment or infrastructure for pilot projects) in order to foster the implementation of some critical measures of the short- and medium-term Action Plan of these mobility strategies.

Sector: Transport    |   Projected total investment size: € 138 400 000    |   EU contribution: € 10 400 000
Dates: Jun/2020 - May/2025    |   Status: ONGOING    |   Countries: Dominican Republic

The aim of the Facility is to establish a strategic partnership between the European Commission, AECID and other LACIF-assessed financial institutions, to channel the Commission’s resources towards the identification and design of projects aimed at increasing the sustainability and resilience of cities in Latin America. The strategic Facility will finance project identification activities and the different steps leading to the design of comprehensive investment projects, capacity building activities and knowledge management, to build up bankable projects.

Sector: Urban development    |   Projected total investment size: € 306 200 000    |   EU contribution: € 5 200 000
Dates: Dec/2019 - Aug/2024    |   Status: ONGOING    |   Countries: Brazil, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Paraguay, Peru

The objective of this project is to improve island-wide the quality and efficiency of the National Institute of Hydraulic Resources (Instituto Nacional de Recursos Hidráulicos - INRH) water and wastewater services and to increase the resilience to extreme climate events (hurricanes, droughts) of this entity, its associated companies, and, thereby, of the population. On the one hand, the project will work for the rehabilitation of the infrastructure affected by Hurricane Irma in 2017, and on the other, the strengthening of the capacities of the companies in charge of the operation and maintenance of these services.

Sector: Water supply & sanitation    |   Projected total investment size: € 26 400 000    |   EU contribution: € 6 400 000
Dates: Dec/2019 - Dec/2025    |   Status: ONGOING    |   Countries: Cuba

The objective of this project is to support the socioeconomic development of the rural population of Panama by expanding the access to sustainable energy; strengthening the planning and managerial capacities of the Office of Rural Electrification (OER) to structure, review, implement and supervise rural electrification projects.

Sector: Sustainable energy    |   Projected total investment size: € 116 240 000    |   EU contribution: € 10 400 000
Dates: Dec/2019 - Aug/2026    |   Status: ONGOING    |   Countries: Panama

This project wil consolidate the ongoing means to offer an increased access to affordable yet formally certified “sustainable” quality social housing (10 500 households beneficiaries) by ensuring the transfer of the interest rate subsidy to the final beneficiaries; introducing new and more stringent sustainability criteria in the Mivivienda Verde Program; incorporating green criteria in mainstream operations of the Fund Mivivienda Verde (FMV); developing and, if possible, introducing urban planning measures; reducing the environmental impact and the vulnerability of the current Peruvian development path (ex. reduction in CO2 emissions and in electricity and water consumption, evolutions in the banking sector aiming at better taking into account environmental and social risks).

Sector: Urban development    |   Projected total investment size: € 398 400 000    |   EU contribution: € 10 400 000
Dates: Oct/2019 - Oct/2024    |   Status: ONGOING    |   Countries: Panama, Peru

The National Sustainable Urban Transport Program aims to improve sustainable urban mobility by supporting the reform of public urban transport in Peru's main cities. The LACIF contribution co-finances the Technical Assistance component to support central and local governments and to develop a pipeline of feasible and bankable projects.

Sector: Transport    |   Projected total investment size: € 463 100 000    |   EU contribution: € 5 800 000
Dates: Sep/2019 - Dec/2024    |   Status: ONGOING    |   Countries: Peru

This project aims at supporting the identification and financing of investments in agriculture, livestock breeding and agroforestry and at underpinning their implementation in order to promote sustainable practices based on agroecological principles while mainstreaming climate change mitigation and adaptation into the agriculture and livestock sectors.

Specific objectives of the project are:

a) To extend agroecological and agro-sylvo-pastoral technologies, tackle environmental and social risks and bring institutional support to the main stakeholders of the PRODEGAN project (cooperatives, agro-industries, decentralized service providers, local authorities, producers associations, research institutions) in Camagüey, the main animal production area in the country;

b) To enable the most adapted investment for a modern integrated carbonization/cogeneration plant by a private investor (5 candidates identified by Cuban authorities) as a part of an overall clean...

Sector: Sustainable agriculture    |   Projected total investment size: € 87 921 000    |   EU contribution: € 7 821 000
Dates: Jan/2019 - Jan/2027    |   Status: ONGOING    |   Countries: Cuba

The Agriculture Competitiveness Programme aims to improve animal health, plant health, food safety, agricultural research and technology transfer services. The programme is executed by the Ministry of Agriculture, Animal Husbandry and Fisheries (LVV).

The main objective of this programme is to address critical activities to strengthen the capacity of the LVV in agricultural innovation and animal and plant health services.  The EU supports the government of Suriname in one of the activities of the programme, that is to complete the physical infrastructure of the Cluster Laboratory of the LVV. The Cluster Laboratory will provide their research and technology transfer functions in support of other sub-components of the programme and to the LVV as a whole.

Sector: Sustainable agriculture    |   Projected total investment size: € 16 550 000    |   EU contribution: € 2 350 000
Dates: Dec/2018 - Sep/2024    |   Status: ONGOING    |   Countries: Suriname

The envisaged Seed Capital Risk Financing component addresses the bottlenecks identified in the Central American region, specifically regarding the accessibility of new and innovative enterprises to finance solutions in order to start their operations, be consolidated and grow.

By doing this, the new component contributes to developing entrepreneurship and innovation and is therefore an ideal complement to the DINAMICA initiative.

Sector: Support to SMEs    |   Projected total investment size: € 75 290 000    |   EU contribution: € 12 350 000
Dates: Dec/2018 - Dec/2027    |   Status: ONGOING    |   Countries: Dominican Republic, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama

The objective of this project is to support the reconstruction of infrastructures damaged by hurricane Matthew in October 2016 and flash floods in November 2017. The project will focus in the four provinces identified by the Dominican Republic Government as the most affected by these catastrophic events, namely Monte Cristi, Puerto Plata, Espaillat and Duarte. The project will involve the restoration or new construction of social and basic infrastructures, such as roads, bridges, hydraulics, housing and urban infrastructure. The interventions will be prioritized according to their social impact and contributions to restore livelihoods, reduce vulnerability and enhance resilience to climate change-related disasters in the provinces. 

The project focuses on climate change resilience and will include a substantial element of risk prevention for future natural disasters (floods, tropical storms, earthquakes), with a particular emphasis on climate risks, including areas o...

Sector: Reconstruction Relief & Rehabilitation    |   Projected total investment size: € 59 744 000    |   EU contribution: € 17 444 000
Dates: Dec/2018 - Dec/2024    |   Status: ONGOING    |   Countries: Dominican Republic

The Green MSMEs lnitiative aims at reducing carbon emissions in the Central American Region by ensuring the provision of financial and non-financial services to support renewable power generation and energy efficiency measures in Micro, Small and Medium Enterprises. In order to do so, the lnitiative contains three main components:

  • Technical Assistance for MSMEs as well as Participating Financial lntermediaries,
  • Partial Risk Guarantees for MSMEs,
  • Financing (loans) for Environmental lnvestments for MSMEs.

This lnitiative represents a continuation of the "Energy Efficiency and Renewable Energy programme for SME in Central America". The mentioned Program has been successfully implemented and the achievements and lessons learnt constitute the basis for this Initiative.

Sector: Support to SMEs    |   Projected total investment size: € 62 480 000    |   EU contribution: € 14 380 000
Dates: Dec/2018 - Dec/2034    |   Status: ONGOING    |   Countries: Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama

Argentina, Brazil, Bolivia, Paraguay and Uruguay are shareholders of Fonplata, a regional multilateral financial institution established to foster inclusive development within the River Plata Basin and surrounding regions. The project has the objective of supporting multi-sector initiatives centered on climate mitigation and adaptation, in sectors such as the provision of basic services in rural and urban areas, urban renewal, and improvement of climate change resilience in the Basin. Small-sized projects with a focus on social deprivation and climate resilience will be targeted.

LACIF contributes with technical assistance to support Fonplata in improving its policies and procedures in areas that were identified as priorities. The main focus of this support is to upgrade environmental and social safeguards in line with EU standards.

...
Sector: Rural development    |   Projected total investment size: € 102 390 000    |   EU contribution: € 2 390 000
Dates: Dec/2018 - Dec/2023    |   Status: ONGOING    |   Countries: Argentina, Brazil, Bolivia, Paraguay, Uruguay

The project consists of the new construction, extension, rehabilitation and equipment of 21 Technical and Technological Institutes (TTIs), classified at the post-secondary level of education. It is part of a national educational reform programme aimed at introducing and enlarging the dual system of vocational, technical and professional education in Ecuador. This dual system is based on modules of formal instruction in classrooms combined with training on the job through apprenticeships with private companies.

Sector: Education    |   Projected total investment size: € 168 627 000    |   EU contribution: € 11 577 000
Dates: Nov/2018 - Nov/2023    |   Status: ONGOING    |   Countries: Ecuador

This is regarded as a pilot operation of European cooperation to support the peace process in Colombia, through a common initiative to boost investment in post-conflict municipalities.

This pilot operation is the result of discussions with the Colombian Financial Corporation for the Territorial Development S.A - FINDETER and the experience accumulated through the first LACIF program with FINDETER. The operation consists of a credit facility to finance territorial development in post-conflict areas. This will be accomplished through the structuring of projects (technical assistance) and investments (investment grants) in priority areas which have been selected by the Colombian government through the local Development Programs with a Territorial Focus  (PDET - Programas de Desarrollo con Enfoque Territorial).

Sector: Urban development    |   Projected total investment size: € 140 000 000    |   EU contribution: € 10 340 000
Dates: Nov/2018 - Dec/2021    |   Status: CLOSED    |   Countries: Colombia

This program supports the implementation of an integrated waste management system for the collection, treatment and disposal of municipal solid waste generated in the province of Jujuy, Argentina. The integrated management system is phasing out the dumping of untreated waste, by recovering both energy and material through anaerobic digestion and a better recycling performance.

At the same time, the program is ensuring that targeted municipalities develop and implement specific integrated waste management policies, create jobs related to waste treatment, optimize waste collection and have adequate disposal facilities.

Sector: Waste management    |   Projected total investment size: € 88 100 000    |   EU contribution: € 11 700 000
Dates: Dec/2017 - Dec/2023    |   Status: ONGOING    |   Countries: Argentina

This project aims at expanding and improving the access to water and sanitation services for more than 200 000 people while enhancing sector governance in Bolivia. Furthermore, national policy for integrated water resources management will be strengthened, reducing the impact of climate change on the poorest segments of Bolivian society.

Sector: Water supply & sanitation    |   Projected total investment size: € 125 555 556    |   EU contribution: € 15 500 000
Dates: Dec/2017 - Sep/2024    |   Status: ONGOING    |   Countries: Bolivia

This project consists of a multisector framework loan given by the EIB to finance reconstruction of small-scale infrastructure damaged by the earthquake of 16 April 2016 in the province of Manabí, particularly in the city of Portoviejo, which was the most affected. The socioeconomic level of the province is lower than the national level. Poverty and extreme poverty are 31.3% and 6.3% of the total population, compared to 25.8% and 5.7% at national level.

The technical assistance provided by LACIF supports national and local authorities to ensure the effective and transparent execution of the project, the development and implementation of an Environmental and Social Management Plan and a Stakeholders’ Engagement Plan, and the strengthening and enforcement of Ecuador’s Building Code (2015). 

Sector: Reconstruction Relief & Rehabilitation    |   Projected total investment size: € 163 280 000    |   EU contribution: € 7 280 000
Dates: Dec/2017 - Dec/2025    |   Status: ONGOING    |   Countries: Ecuador

This Energy Management and Efficiency Programme (EMEP) promotes energy efficiency and conservation to free public funds through lower government bills and reduced oil imports, helping the government of Jamaica to further reduce its debt and create the fiscal space for productive spending whilst also contributing to greenhouse gas emissions’ reduction.

The specific objectives of this programme are:

  • reduced electricity consumption within government facilities;
  • decreased fuel consumption through improved traffic control management;
  • increased institutional capacity to promote and supervise electricity planning in Jamaica.
Sector: Sustainable energy    |   Projected total investment size: € 36 500 000    |   EU contribution: € 9 170 000
Dates: Dec/2017 - Mar/2025    |   Status: ONGOING    |   Countries: Jamaica

The objective of this project is to expand and reinforce the public operator for urban water supply systems in the coastal area of Suriname. The existing water system in the urban areas of Greater Paramaribo and Moengo will be improved and shifted to sustainable resources, the service perimeter will be expanded to the whole coastal area and financial sustainability of the service will be ensured.

Sector: Water supply & sanitation    |   Projected total investment size: € 16 210 000    |   EU contribution: € 3 210 000
Dates: Nov/2017 - Aug/2024    |   Status: ONGOING    |   Countries: Suriname

The programme aims at mobilizing suitable and adequate resources to support geothermal energy development in the Eastern Caribbean. Ultimately, the project aims at establishing a geothermal power plant that could potentially represent up to 60 megawatts (MW) of base-load power for the Small Island Developing States.

Sector: Sustainable energy    |   Projected total investment size: € 412 760 000    |   EU contribution: € 12 350 000
Dates: Nov/2017 - Feb/2025    |   Status: ONGOING    |   Countries: Dominica, Grenada, Saint-Vincent and the Grenadines, St Kitts and Nevis, St Lucia

This program aims at financing priority wastewater projects in selected cities in Costa Rica. LACIF contributes with preparatory studies that will close a significant information gap and allow investments in improved wastewater infrastructure. The objective is to improve the environmental conditions and to create positive impacts in public health.

Sector: Water supply & sanitation    |   Projected total investment size: € 121 470 000    |   EU contribution: € 3 670 000
Dates: Jul/2017 - Dec/2023    |   Status: ONGOING    |   Countries: Costa Rica

The aim of the facility is to finance activities such as feasibility or pre-feasibility studies relating to investment projects likely to be financed by the IFIs in Cuba. The expertise that will be provided could consist of specific sector support (in the field of energy, transport, water, etc.) but could also contribute to improving the compliance of the investment projects with international standards in environmental, social, gender or climate issues. The selected projects will be the ones considered as priorities by the Cuban Government, in particular in the sectors of energy, water and sanitation, urban rehabilitation, agriculture and transportation, and that are likely to be bankable. All the projects will have an expected positive contribution to the country’s adaptation to climate change or to the reduction of GHG emissions.

Sector: General Environment Protection    |   Projected total investment size: € 3 150 000    |   EU contribution: € 3 150 000
Dates: Jun/2017 - Jun/2024    |   Status: ONGOING    |   Countries: Cuba

The eco.business Fund is a joint initiative of investors intent on supporting the promotion of business and consumption practices that contribute to biodiversity conservation, the sustainable use of natural resources, climate change mitigation and adaptation to its impact. In providing financing to the Fund’s target group for investing in activities that conserve nature and foster biodiversity, the eco.business Fund seeks investments that yield both financial and environmental returns. The financing can be provided directly or through local financial institutions. In addition, final beneficiaries and local lending institutions can count on high impact technical assistance provided by the eco.business Development Facility.

Sector: Support to SMEs    |   Projected total investment size: € 266 125 237    |   EU contribution: € 16 410 000
Dates: Dec/2016 - Feb/2033    |   Status: ONGOING    |   Countries: Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Peru

The objective of the project is to improve the income of small and medium producers through the promotion of production based on the rational and climate-smart use and management of natural resources, especially efficient irrigation. National capacities will be strengthened in the design and management of parcel irrigation systems, through the training of experts and irrigation professionals who will contribute to the improvement and modernization of agricultural production systems, the efficient management of irrigation water, improved access to markets and the resilience of the Ecuadorian farming sector to climate change.

Sector: Sustainable agriculture    |   Projected total investment size: € 126 530 000    |   EU contribution: € 8 408 773
Dates: Dec/2016 - Aug/2023    |   Status: ONGOING    |   Countries: Ecuador

Ecuador’s PROSANEAMIENTO program aims to expand and improve access to basic water, sanitation and waste disposal services while strengthening the capacity of water and waste service providers. The LACIF contribution supports efforts to increase the sustainability of the 12 beneficiary municipalities and their public utilities, and to improve their management capacity in the preparation of pre-investment studies, implementation, monitoring and evaluation of the program.

Sector: Water supply & sanitation    |   Projected total investment size: € 99 500 000    |   EU contribution: € 10 300 000
Dates: Dec/2016 - Jul/2025    |   Status: ONGOING    |   Countries: Ecuador

This is Bolivia’s first large-scale photovoltaic project. It entails the construction of a 50 MW photovoltaic (PV) power plant in the Altiplano region, in the highlands of western Bolivia, and its connection to the Bolivian national grid. The PV plant boosts electricity generation by approximately 100 GWh/year and contributes to the diversification of the Bolivian energy mix, reinforcing Bolivia's national strategy to develop renewable energies (wind and solar), which are expected to reach 70% of installed capacity in 2025.

Sector: Sustainable energy    |   Projected total investment size: € 89 350 000    |   EU contribution: € 11 850 000
Dates: Dec/2016 - Dec/2023    |   Status: ONGOING    |   Countries: Bolivia

The Project assists the Government of Colombia in its policy shift to a more social and greener economy in order to improve the revenues and livelihoods of the population, notably in the Orinoquia basin and more generally in Colombia, while reducing their vulnerability and mitigating their contribution to climate change. More specifically, the project supports the “Green Growth” strategy, which strengthens the capacities of local authorities and stakeholders in the Departments of Meta and Vichada in the formulation and development of their planning instruments to develop investment taking into account climate change impacts and mitigation opportunities. It also promotes investment in "climate-smart" activities in farming and forestry through adapted land-use management.

Sector: Rural development    |   Projected total investment size: € 465 370 000    |   EU contribution: € 7 340 000
Dates: Dec/2016 - Jun/2024    |   Status: ONGOING    |   Countries: Colombia

This project aims to support Peru’s main financial instrument for agriculture, Agrobanco, to fulfil its mission of developing the country’s sustainable agriculture.  This project has been designed against a backdrop where more than a third of the Peruvian population lives in rural areas and 50% of its revenues come from agriculture, a very vulnerable sector to climate change (drought, flood, Nino and Nina phenomenon, etc.) Agricultural techniques in Peru cause deforestation and considerable degradation. In addition, the use of irrigated water is not effective due to leaks and overwatering and does not thus encourage water savings.

Through LACIF, and together with AFD, the EU is offering a contribution of 5 325 000 euros to support Agrobanco in mainstreaming climate change mitigation and adaptation in the agricultural sector in Peru.  

The LACIF contribution will finance the following:

I) A Technical Assistance (TA) program t...

Sector: Banking and financial services    |   Projected total investment size: € 55 325 000    |   EU contribution: € 5 325 000
Dates: Jul/2016 - Jul/2021    |   Status: CLOSED    |   Countries: Peru

The Western Corridor is part of the main road network of Honduras and it is integrated into the International Mesoamerican Road Network. This corridor connects the second biggest city of the country, San Pedro Sula, in the north-western part of the country with the international border crossings with Guatemala and El Salvador, and with the Mayan ruins of Copán. The project comprises the rehabilitation, upgrading and road safety improvements of the Western Corridor. 

Sector: Transport    |   Projected total investment size: € 162 550 000    |   EU contribution: € 10 350 000
Dates: Dec/2015 - Jan/2023    |   Status: ONGOING    |   Countries: Honduras

LACIF's action is embedded in the "Cities with a Future" program, launched by CAF to accompany policies for sustainable urban development in Latin America and to promote an integrated, multi-sectoral approach to urban development in order to better answer the challenges faced by local governments. The Program helps structure a dialogue with the cities on four main issues: inclusive urban development, productive transformation, environmental sustainability and institutional strengthening and security. In the framework of the Program, the first step towards implementation includes technical assistance (diagnosis and priorities) financed through a grant, leading to investments as a second step. The action has two components: a credit facility and technical assistance.

Sector: Urban development    |   Projected total investment size: € 104 868 000    |   EU contribution: € 4 368 000
Dates: Dec/2015 - Sep/2023    |   Status: ONGOING    |   Countries: Argentina, Brazil, Bolivia, Colombia, Ecuador, Peru

The objective of this project is to reinforce the efficiency and technical and financial sustainability of the National Institute of Potable Water and Sewage System (INAPA) and the Santiago’s Water and Sewage Corporation (CORAASAN). This project will enhance the efficiency of the water services and reduce the discharge of wastewater into the environment.

This project contributes to the investment programmes in the water and sanitation sector made by INAPA, active in rural and peri-urban areas, and CORAASAN, active in the city and in the province of Santiago, reinforcing their efficiency and sustainability at the same time. The project includes investments in water and sanitation infrastructure, capacity building and technical support to ensure quality, efficiency, and sustainability of services.

    Sector: Water supply & sanitation    |   Projected total investment size: € 129 350 000    |   EU contribution: € 10 350 000
    Dates: Oct/2015 - Oct/2027    |   Status: ONGOING    |   Countries: Dominican Republic

    The Programme for the Rehabilitation of Distribution Networks and the Reduction of Electrical Losses implemented by the CDEEE (Corporation of Dominican State Electricity Companies) seeks to progressively reduce technical and non-technical energy losses in electricity distribution companies.

    The objective of this programme is to contribute to the sustainability of the power sector by strengthening the national electricity company’s operational procedures and corporate performance, and by improving the sustainability of rural electricity supply. This intervention will reduce generation costs, review the current tariff structure, assess options for power generation using low-carbon technologies and improve access to sustainable energy. 

    Sector: Sustainable energy    |   Projected total investment size: € 219 200 000    |   EU contribution: € 9 530 000
    Dates: Oct/2015 - Oct/2023    |   Status: COMPLETED    |   Countries: Dominican Republic

    The project aims to promote and finance new sustainable infrastructure projects in the Caribbean region in the sectors of energy, transport, water and sanitation and climate change mitigation. It also seeks to reinforce the national implementing agencies for the seeding and follow-up of new projects, specifically to create a pipeline of quality projects within the borrowing member countries.

    Sector: Reconstruction Relief & Rehabilitation    |   Projected total investment size: € 33 000 000    |   EU contribution: € 3 150 000
    Dates: Oct/2015 - Dec/2023    |   Status: ONGOING    |   Countries: Grenada, Jamaica, Saint-Vincent and the Grenadines, St Lucia, Suriname

    The project seeks to rehabilitate the most deteriorated segment of one of Belize's main highways, the George Price Highway (GPH), up to national standards and to preserve it through adequate maintenance while improving and guaranteeing road connectivity between the Northern, Southern and Central Regions of Belize as well as enhancing physical connectivity with Central America and Mexico. The GPH is included in the International Network of Mesoamerican Roads (RICAM), which is recognized as important for physical regional integration and the progressive implementation of a Partial-Scope Agreement with Guatemala (2010) and other trade agreements being negotiated with Honduras and El Salvador.

    This project aims to reduce transport costs and the road's vulnerability to flooding and other natural hazards, thereby increasing its resilience to climate change. Another objective of the project is to reduce road fatalities by increasing road user safety, ensuring adequate signaling, buil...

    Sector: Transport    |   Projected total investment size: € 21 700 000    |   EU contribution: € 5 200 000
    Dates: Jun/2015 - Jul/2021    |   Status: ONGOING    |   Countries: Belize

    The objective of this programme is to reduce participating countries’ dependency on imported fossil fuels by displacing their use in electricity generation with economically viable investments in renewable energy (on the supply side) and energy efficiency (on the demand side). The programme will provide funding for investments for renewable energy and energy efficiency as well as technical assistance for institutional strengthening, capacity building and project support.

    Sector: Sustainable energy    |   Projected total investment size: € 21 368 000    |   EU contribution: € 4 450 000
    Dates: Jun/2015 - Dec/2023    |   Status: ONGOING    |   Countries: Antigua & Barbuda, Dominica, Grenada, Saint-Vincent and the Grenadines, St Kitts and Nevis, St Lucia

    The objective of this project is to contribute to the sustainability of the power sector by strengthening the National Electricity Company’s operational procedures and corporate performance, and by improving the sustainability of rural electricity supply. This intervention will reduce generation costs, review the current tariff structure, assess options for power generation using low carbon technologies and improve access to sustainable energy.

      Sector: Sustainable energy    |   Projected total investment size: € 42 970 000    |   EU contribution: € 5 200 000
      Dates: Jun/2015 - Jun/2024    |   Status: ONGOING    |   Countries: Suriname

      This project connects several communities of the Department of Potosí with the rest of the country through the construction of a 188.3 km section of a single carriageway road, improving the living conditions of local communities, unlocking large and remote areas and spurring economic development through trade (particularly of agricultural products), improving access to markets and the mobility of people as well as boosting tourism. Likewise, the project contributes to regional integration by improving access to neighboring countries (Chile, Argentina, Paraguay), with the prospect of increasing Bolivian exports to these countries and further developing the local tourism sector.

      Sector: Transport    |   Projected total investment size: € 119 002 822    |   EU contribution: € 8 145 000
      Dates: Dec/2014 - Dec/2021    |   Status: STOPPED    |   Countries: Bolivia

      The Geothermal Development Facility for Latin America aims at overcoming existing barriers to the development of geothermal energy by providing: (i) a tailored Geothermal Risk Mitigation Fund in order to diminish geothermal resource risk during the exploratory drilling stage of the project; (ii) geothermal investment financing windows to deliver anchor financing for subsequent investments during the production drilling and construction stages; and (iii) a Technical Assistance Forum to offer a suitable venue for policy dialogue between donors and partner governments.

      Sector: Sustainable energy    |   Projected total investment size: € 1 094 000 000    |   EU contribution: € 20 500 000
      Dates: Dec/2014 - Dec/2026    |   Status: ONGOING    |   Countries: Bolivia, Chile, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Peru

      The overall objective of the project is to improve the competitiveness of the productive sector and the livelihoods of the Paraguayan population, through greater security of supply and efficient use of the available sources of renewable electricity. This includes access to affordable electricity for the lowest-income segment of the population.

      The project involves the construction of a 500 kV, 363 km-long high-voltage transmission line linking the Yacyretá hydroelectric plant with the capital, Asunción, and the reduction of energy losses by replacing electro-mechanical meters that are defective, burnt, or do not measure correctly and by providing informal settlements, social tariff beneficiaries and low-income residential customers with electronic meters and connections.

      Sector: Sustainable energy    |   Projected total investment size: € 223 170 000    |   EU contribution: € 10 200 000
      Dates: Dec/2014 - Dec/2020    |   Status: COMPLETED    |   Countries: Paraguay

      The programme aims to improve the safety and reliability of the Guyana Power and Light, Inc. (GPL) electricity distribution system by financing infrastructure specifically focused on the reduction of electricity losses, deploying a strong Corporate Development Program (CDP) to manage GPL’s operations and  implement solutions to GPL’s longstanding problems, while improving quality of service through: (a) the rehabilitation of the existing distribution network and associated equipment as part of a strategic loss reduction programme; and (b) the strengthening of GPL, in order to contribute to the enhancement of its corporate capacities, which will help to achieve a set of performance targets for GPL.

      Sector: Sustainable energy    |   Projected total investment size: € 46 455 395    |   EU contribution: € 19 375 000
      Dates: Jul/2014 - Sep/2021    |   Status: ONGOING    |   Countries: Guyana

      The programme will improve the water and sanitation services in three selected locations outside Guyana’s capital, and in the capital Georgetown, through infrastructure rehabilitation interventions to the water supply network and the upgrade of 1,000pit latrines into efficient septic tanks.

      The Water Treatment and Supply Infrastructure Improvement Programme (WTSIIP) will contribute to increasing the portion of Guyana’s population with access to quality water and sanitation services.

      Sector: Water supply & sanitation    |   Projected total investment size: € 22 788 848    |   EU contribution: € 10 675 000
      Dates: Jul/2014 - Jun/2022    |   Status: COMPLETED    |   Countries: Guyana

      The program sought sustainable investments and practices in agriculture, fisheries and forestry sectors, which helped improve the quality of life of rural populations, especially in poor regions, and optimize the use of natural resources while mainstreaming climate change mitigation and adaptation in the sector. The project supported a public agriculture development bank, FIRA, with financing, investment grants and technical assistance to provide concessional loans for pilot green rural investments as well as long-term financing in the field of mitigation and adaptation of climate change in rural activities.

      Sector: Sustainable agriculture    |   Projected total investment size: € 100 000 000    |   EU contribution: € 5 200 000
      Dates: Jun/2014 - Apr/2024    |   Status: ONGOING    |   Countries: Mexico

      This program provides support to the Government of Chile in its transformation efforts towards a low carbon energy sector, which involves decoupling economic growth from Green House Gas emissions. The Program's activities comprise the financing and complementary technical assistance of concentrated solar power (CSP) plants as well as large-scale photovoltaic projects in Chile. One specific component of the Program is to enable the construction of the first CSP power plant in South America with a targeted capacity of 110 MW.

      Sector: Sustainable energy    |   Projected total investment size: € 1 715 464 000    |   EU contribution: € 15 300 000
      Dates: Dec/2013 - Jun/2022    |   Status: COMPLETED    |   Countries: Chile

      The LACIF contribution aims to improve water and sewerage infrastructures and contribute to reducing the risk of diseases caused by deficient water management in the Latin American region through the development of various projects. These are grouped into two components: Component I, projects for adaptation to climate change (ACC) and Component II, projects for the integrated management of water resources.

      The projects include the reinforcement of capacities associated with the programs; studies developed in the pre-investment phase to identify new investments in new actions; review of regulations and the development of methodologies, tools and manuals, which in turn will have an impact on future investments.

      Sector: Water supply & sanitation    |   Projected total investment size: € 615 300 000    |   EU contribution: € 15 300 000
      Dates: Dec/2013 - Dec/2023    |   Status: ONGOING    |   Countries: Argentina, Bolivia, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, Venezuela

      The project aimed to improve public health as well as the environment and water resource situation in the Lima Metropolitan area by extending the water and sewerage systems to the new urban settlements in the north of Lima as well as the waste-water treatment, while setting an example of efficient reutilization of treated waste-water for urban irrigation in the service area of SEDAPAL, Lima´s water utility.

      Sector: Water supply & sanitation    |   Projected total investment size: € 136 595 000    |   EU contribution: € 3 150 000
      Dates: Dec/2013 - Dec/2017    |   Status: COMPLETED    |   Countries: Peru

      The vision of this program was the enhancement of public investment in energy-efficient and clean technology mass transportation systems in large Latin American cities, to meet the growing demand for public transportation  — especially of the poorer segments of the population — while helping to mitigate its environmental impact. LACIF provided funds to prepare pre-financing studies or to complement existing studies, to facilitate investment for the improvement of urban transportation systems.

      Sector: Transport    |   Projected total investment size: € 649 150 000    |   EU contribution: € 3 150 000
      Dates: Dec/2013 - Dec/2019    |   Status: COMPLETED    |   Countries: Panama, Peru

      DINAMICA focuses on promoting entrepreneurial and private sector development for employment and income generation in order to contribute to economic development and poverty reduction in Central America. More specifically, the project aims at:

      • Promoting the entrepreneurial environment in order to facilitate the creation of new and innovative enterprises;
      • Supporting financial sector development in order to provide adequate access to finance for MSMEs.
      Sector: Support to SMEs    |   Projected total investment size: € 54 352 000    |   EU contribution: € 3 952 000
      Dates: Dec/2013 - Sep/2022    |   Status: COMPLETED    |   Countries: Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama

      The project supported the development of the National Policy for the Integrated Management of Water Resources, especially by monitoring the implementation of its 'Hydrological Plan for the 2014 Horizon' and by means of a favorable financing framework for investments in the water sector. Additionally, it has contributed to the protection of the environment, through the improvement of the quality of water resources; and, increased the water supply to reduce conflicts related to water among the local population.

      Sector: Water supply & sanitation    |   Projected total investment size: € 93 650 000    |   EU contribution: € 4 650 000
      Dates: Oct/2013 - Apr/2021    |   Status: COMPLETED    |   Countries: Colombia

      The project aimed to modernize and extend the high and medium voltage network of the Power Distribution Company of Rio Grande do Sul (CEEE-D) in order to provide a quality and reliable power distribution service and to improve the managerial capacities of CEEE-D through the upgrading of their information, financial and control systems.

      The project had 5 components: 1. Investments in the high voltage power distribution system; 2. Renewal of high voltage distribution equipment and modernization of the control system; 3. Upgrade of the information and control system; 4. TA for the implementation of the Enterprise Resource Planning and of the New Commercial Management System; 5. Enhanced financial steering of investments.

      Sector: Sustainable energy    |   Projected total investment size: € 170 105 000    |   EU contribution: € 1 605 000
      Dates: Sep/2013 - Apr/2018    |   Status: COMPLETED    |   Countries: Brazil

      LACIF supported Financial Corporation for the Territorial Development S.A - FINDETER (Financiera de Desarrollo Territorial S.A.) in its mandate to contribute to the implementation of sustainable public policies and of the 2010-2014 Colombian National Development Plan, which includes support for the development of sustainable urban areas.

      The LACIF action will foster and enhance investments in Colombian urban areas, working from a local perspective to achieve sustainability in the regions.

      Sector: Urban development    |   Projected total investment size: € 212 000 000    |   EU contribution: € 5 200 000
      Dates: Sep/2013 - Oct/2017    |   Status: COMPLETED    |   Countries: Colombia

      The objective of this project is to support the Government of the Commonwealth of Dominica’s policy for the development of geothermal resources. In particular, it will significantly increase the knowledge of the geothermal potential in Wotten Waven, allowing for a rapid start of an initial small power production aimed at the local market, preparing the concession that will exploit this reservoir and monitoring the concessionaire’s operations initial investments.

      The current project is the final step towards the materialization of the potentially largest geothermal power plant in the Caribbean with an overall cost currently estimated at EUR 500­ – 600 million. Besides its sheer size, its impact will be local, regional and global. The product will be highly beneficial to Dominica's economy as well as to the one of Guadeloupe and Martinique. It will bring major benefits in terms of climate change mitigation by substituting fossil fuel-based energy production for clean rene...

      Sector: Sustainable energy    |   Projected total investment size: € 8 640 000    |   EU contribution: € 2 140 000
      Dates: Mar/2013 - Sep/2023    |   Status: COMPLETED    |   Countries: Dominica

      The PISASH Program is the first phase of the PROGRAMA VIDA (LIFE PROGRAM) in urban areas. The program will enhance the effective management of water resources and will provide capacity building to Empresa Nicaragüense de Acueductos y Alcantarillados Sanitarios (ENACAL) in its investment program. LACIF will fund the construction works in the cities of Santo Tomás, Acoyapa, Bilwi and Bluefields, complementing AECID funds in the coverage of water and sanitation needs of these cities.

      Sector: Water supply & sanitation    |   Projected total investment size: € 252 300 000    |   EU contribution: € 51 555 842
      Dates: Dec/2012 - Apr/2022    |   Status: COMPLETED    |   Countries: Nicaragua

      The objective of the program is to facilitate and improve public and private investments in water and sanitation infrastructure, thus contributing to a higher coverage of regional infrastructure demand through environmental and/or climate-relevant solutions. The aim is to carry out complementary studies (e.g. preparation of project profiles, knowledge management, training), support the creation of new and innovative companies and strengthen the financial sector at the service of micro, small and medium-sized enterprises.

      Sector: Water supply & sanitation    |   Projected total investment size: € 196 160 000    |   EU contribution: € 4 160 000
      Dates: Dec/2012 - Dec/2022    |   Status: ONGOING    |   Countries: Brazil, Ecuador, Uruguay

      This was an initiative to support sustainable and climate-friendly development and transformation of defined sectors in Latin America through the implementation of performance-based greenhouse gas mitigation activities. The PBCF Facility is aimed at implementing pilot schemes that lead to monitored and verified CO2 equivalent emission reductions and contribute to the overall objective of limiting global warming; designing innovative incentive schemes for sector reform which are linked to achieved emission reductions (performance-based approach); supporting development of showcases for the definition of sector/sub-sector baselines and implementation of robust MRV (monitoring/reporting/verification) systems; supporting the creation of suitable institutional set-ups for the implementation of performance-based sectoral approaches and building the capacities needed within participating institutions for the implementation of mitigation activities.

      Sector: General Environment Protection    |   Projected total investment size: € 90 280 000    |   EU contribution: € 10 280 000
      Dates: Dec/2012 - Nov/2023    |   Status: ONGOING    |   Countries: Colombia, Ecuador

      The EcoCasa Programme aims at contributing to the efforts of the Mexican government in reducing greenhouse gas emissions related to the housing sector.

      The housing sector represents one of the most important untapped potential for energy efficiency in Mexico. During the last decades, urban expansion was insufficiently planned, which resulted in increased energy demand, infrastructure deficits, and inefficient transport patterns. The non-sustainable development pattern of Mexican cities has also aggravated the contribution of the housing sector to the global climate change.

      To support the Mexican government in promoting energy efficiency in the Mexican housing sector, the European Union, through LACIF, provides a combination of economic incentives and technical assistance to support the planning and implementation of energy efficient homes that generate less greenhouse gas emissions.

      In this context, the EU through LACIF is supporting the EcoCasa Programme, the worl...

      Sector: Sustainable energy    |   Projected total investment size: € 168 250 000    |   EU contribution: € 7 220 000
      Dates: Dec/2012 - Dec/2020    |   Status: CLOSED    |   Countries: Mexico

      The overall objective of the project was to improve rural road infrastructure in El Salvador, to enable continuous traffic, giving priority to those areas that have potential for productive development in order to reverse the conditions that affect rural poverty and low economic activity in those areas. The project aimed to strengthen the institutional capabilities of rural road management. 

      Sector: Transport    |   Projected total investment size: € 45 500 000    |   EU contribution: € 4 160 000
      Dates: Dec/2011 - Jun/2017    |   Status: COMPLETED    |   Countries: El Salvador

      The goal of this program was to increase knowledge of urban development and transport in the region, by identifying new sources of financing for public transport projects (public-private partnerships, land valuation, etc.); identifying the regulatory obstacles to innovative transport projects and the way to surmount them; highlighting the potential of local communities to carry out this type of projects; and making it possible to define the technical and financial contours of specific projects in targeted cities (master plans and prefeasibility studies), thus promoting the emergence and implementation of public transport projects in the region.

      Sector: Transport    |   Projected total investment size: € 403 000 000    |   EU contribution: € 3 000 000
      Dates: Oct/2011 - Apr/2017    |   Status: COMPLETED    |   Countries: Argentina, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Mexico, Paraguay, Peru, Uruguay

      The objective of the project was to meet the growing demand for electricity among the population (estimated at approximately 5% per year) through increased generation of renewable energy. In particular, the project focused on the construction of a second powerhouse, installation of turbines using the existing dam and reservoir, a new access channel to the reservoir, a new water intake and two forced pipelines. The new installation made it possible to use the excess water that currently overflows from the spillway in the rainy months to generate energy.

      Sector: Sustainable energy    |   Projected total investment size: € 132 600 000    |   EU contribution: € 6 200 000
      Dates: Sep/2011 - Jan/2019    |   Status: COMPLETED    |   Countries: El Salvador

      This program is aimed at financing investments in renewable energy and environmental protection projects in Latin America. To complement the investment funding, the EU granted technical assistance funds through LACIF to carry out studies that foster innovative technologies and projects in the sector with the aim of converting them into potential investment projects for CAF. They included feasibility studies and renewable energy potential assessments for Latin American countries, among other climate change projects and initiatives.

      Sector: General Environment Protection    |   Projected total investment size: € 303 000 000    |   EU contribution: € 3 000 000
      Dates: Mar/2011 - Feb/2021    |   Status: COMPLETED    |   Countries: Argentina, Brazil, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Mexico, Paraguay, Peru, Uruguay

      The project aimed at strengthening technical and institutional capacity to respond to climate change at a local level; reducing pressure on watershed forests through the promotion of sustainable development, including the reconversion of productive and agricultural activities and community forestry; and developing and implementing a mechanism for access to international carbon finance (REDD+), in line with the national strategy, in two poor Mexican regions.

      The project was successfully completed and contributed to the creation and development of six inter-municipal associations to promote and finance sustainable rural development, tackling deforestation and improving water resources management (REDD+ actions with climate change impact).

      Sector: Sustainable agriculture    |   Projected total investment size: € 337 000 000    |   EU contribution: € 2 140 000
      Dates: Dec/2010 - Dec/2015    |   Status: COMPLETED    |   Countries: Mexico

      The objective of the PNESER was to support the efforts of the Nicaraguan government to reduce poverty by promoting access to an efficient and sustainable electricity service to an important portion of the population, thus generating the conditions to advance in the diversification of the energy matrix and the mitigation and adaptation to climate change. 

      The program supported 7 components:

      1) Rural electrification through grid extension;

      2) Normalization of electricity service in human settlements;

      3) Electricity expansion in isolated areas through renewable energy;

      4) Pre-investment for renewable energy projects;

      5) Energy efficiency programs;

      6) Strengthening of the transmission system in rural areas;

      7) Sustainability of isolated systems under Empresa Nicaragüense de Electricidad (ENEL)'s responsibility.

      Sector: Sustainable energy    |   Projected total investment size: € 308 800 000    |   EU contribution: € 7 200 000
      Dates: Nov/2010 - Feb/2018    |   Status: COMPLETED    |   Countries: Nicaragua

      The overall objective of the Energy Efficiency and Renewable Energy Program for SMEs in Central America was to contribute to the protection of the climate and the environment. The Program aimed at providing efficient and sustainable access to financing products for environmental investments which correspond to the needs of SMEs in Central America. The Program had two main components:

      1) Financing of environmental investments – Provision of funds by the Program Executing Agency to local financial institutions that channel resources to SMEs for energy efficiency (EE) and renewable energy projects.  

      2) Technical Assistance, studies and promotional activities – Including technical assistance for financial institutions, energy audits of SMEs and feasibility studies of small renewable energy projects; information material and promotional events.

      Sector: Support to SMEs    |   Projected total investment size: € 36 330 000    |   EU contribution: € 3 000 000
      Dates: Nov/2010 - Dec/2016    |   Status: COMPLETED    |   Countries: Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua