Projects
The COVID-19 pandemic brought to light how fragile the health system in Peru is. 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 provides 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:
Dates: Dec/2021 - Feb/2025 | Status: ONGOING | Countries: Peru
LAGREEN is the first green bonds fund dedicated to 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.
LACIF is partnering with KfW to achieve the following objectives:
- 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.
Dates: Dec/2020 - Dec/2035 | Status: ONGOING | Countries: Dominican Republic, Bolivia, Brazil, Colombia, Costa Rica, Ecuador, El Salvador, Honduras, Mexico, Peru
The TIF Program has a three-pillar framework (financial, social and environmental, known as Triple Bottom Line) and a twofold objective: downscaling financial services -being more inclusive and tackling the bottom of the pyramid- and promoting climate-smart finance.
The TIF Program, led by COFIDES, 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 provides support to Financial Service Providers serving MSMEs through the provision of long-term loans (Debt Facili...
Dates: Oct/2020 - Oct/2025 | Status: ONGOING | Countries: Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Peru
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 finances 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.
Dates: Dec/2019 - Aug/2024 | Status: ONGOING | Countries: Brazil, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Paraguay, Peru
This project consolidates the ongoing means to offer an increased access to affordable yet formally certified “sustainable” quality social housing 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). LACIF works in partnership with AFD and KfW to deliver 10 500 sustainable social houses.
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 project was designed in close cooperation with the Ministry of Transport and Communication of Peru and it assists local goverments in the planning, implementation and mangement of their plans, contributing to efficiency and quality of urban transport and thus reducing carbon emissions. Urban transport will also increase its competitiveness and productivity by reducing transportation time which improves the quality of life of Peruvians.
The LACIF contribution to this project implememented by KfW and AFD co-finances the Technical Assistance component to support central and local governments and to develop a pipeline of feasible and bankable projects and strengthen capacities of local institutions. In particular, it includes the following components:
- Implementation of the Urban Transport Au...
Dates: Sep/2019 - Dec/2027 | Status: ONGOING | Countries: Peru
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. The project is led by KfW and managed by Finance in Motion.
Dates: Dec/2016 - Feb/2033 | Status: ONGOING | Countries: Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Peru
This project aimed to support Peru’s main financial instrument for agriculture, Agrobanco, to fulfil its mission of developing the country’s sustainable agriculture. This project was 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, the EU offered 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 to this project managed by AFD financed:
I) A Technical Assistance program to increase Agrobanco's...
Dates: Jul/2016 - Jul/2021 | Status: CLOSED | Countries: Peru
LACIF's action was embedded in the "Cities with a Future" program, launched by CAF with the suport of AFD, 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 helped 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 included technical assistance (diagnosis and priorities) financed through a grant, leading to investments as a second step. The action had two components: a credit facility and technical assistance.
Dates: Dec/2015 - Sep/2023 | Status: COMPLETED | Countries: Argentina, Bolivia, Brazil, Colombia, Ecuador, Peru
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. The project is led by KfW and counts with the support from the European Union through LACIF and CABEI, JICA, CAF, EIB, IDB, AFD, the World Bank.
Dates: Dec/2014 - Dec/2026 | Status: ONGOING | Countries: Bolivia, Chile, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Peru
The LACIF contribution to this AECID-led initiative 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 have an impact on future investments.
Dates: Dec/2013 - Jun/2024 | 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. LACIF worked in partnership with KfW and IDB to improve water supply in the Peruvian capital city.
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 most vulnerable population — while helping to mitigate its environmental impact. LACIF, together with KfW and CAF, provided funds to prepare pre-financing studies, to complement existing studies and to facilitate investment for the improvement of urban transportation systems.
Dates: Dec/2013 - Dec/2019 | Status: COMPLETED | Countries: Panama, Peru
LACIF supported AFD and CAF in this program whose goal 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.
Dates: Oct/2011 - Apr/2017 | Status: COMPLETED | Countries: Argentina, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Mexico, Paraguay, Peru, Uruguay
This program was aimed at financing investments in renewable energy and environmental protection projects in Latin America. To complement the investment funding of KfW, the EU granted technical assistance funds through LACIF to carry out studies that fostered innovative technologies and projects in the sector with the aim of converting them into potential investment projects for CAF. These included feasibility studies and renewable energy potential assessments for Latin American countries, among other climate change projects and initiatives.
Dates: Mar/2011 - Feb/2021 | Status: COMPLETED | Countries: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Paraguay, Peru, Uruguay
