Projects
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 over 161 million 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 regarding water resources and services and adaptation to climate change.
The project has three components:
Dates: Dec/2021 - Apr/2026 | Status: ONGOING | Countries: Paraguay
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
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 had 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. The target of this EIB-led initiative were small-sized projects with a focus on social deprivation and climate resilience.
LACIF contributed with technical assistance to support Fonplata in improving its policies and procedures in areas identified as priorities. The main focus of this support was to upgrade environmental and social safeguards in line with EU standards.
Dates: Dec/2018 - Dec/2024 | Status: ONGOING | Countries: Argentina, Bolivia, Brazil, Paraguay, Uruguay
The overall objective of the project was 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 included access to affordable electricity for the most vulnerable population.
LACIF supported EIB, CAF and IDB in this project, which involved 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 were defective, burnt, or did not measure correctly and by providing informal settlements, social tariff beneficiaries and low-income residential customers with electronic meters and connections.
Dates: Dec/2014 - Dec/2020 | Status: COMPLETED | Countries: Paraguay
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
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
