Climate Finance - Page 16 of 25

BBVA Mexico becomes the first private bank to place a sustainable bond in Mexico
June 29, 2022
BBVA Mexico placed a US$5 million sustainable bond, making them the first private bank to issue a sustainable bond in the country. Source: Hablemos de Dinero
Mirova acquires SunFunder and plans to launch a solar energy debt financing fund
June 29, 2022
Mirova recently acquired a renewable energy projects finance company, SunFunder, and plans to launch a US$500 million solar energy debt financing fund to target about 70 projects in Africa, Asia, and Latin America. Source: Real Assets
The World Bank grants US$135 million loan to Rio de Janeiro
June 29, 2022
The World Bank approves US$135 million loan to the government of Rio de Janeiro to pay off debt and fund low carbon projects. Source: Latin Finance
The World Bank approves a US$250 million loan to the Panamanian Government
June 29, 2022
The World Bank granted the Panamanian government a US$250 million loan to help fund healthcare, education, and social services programs. Source: Latin Finance
IDB Invest issues its fourth domestic bond in Paraguay
June 29, 2022
IDB Invest issued its fourth domestic bond in Paraguay to finance access to medium and long-term local currency loans to small and medium-sized enterprises in the country through Sudameris Bank S.A.E.C.A (Sudameris). Source: IDB Invest
Argentinian agribusiness, Cresud will sell at least US$20 million in 33-month dollar-denominated bonds in the local market
June 15, 2022
Cresud, a leading agriculture business in Argentina, will sell at least US$20 million in 33-month dollar-denominated bonds in the local market. Source: Latin Finance
The World Bank to lend US$400 million to Argentina for agricultural infrastructure investments
June 15, 2022
Argentina will borrow US$400 million from The World Bank for agricultural infrastructure investments to encourage farm output in the north, boost the incomes of small farmers, and improve food security across the nation. The government will also provide US$100 million in credit, and the private sector will give US$50 million. Source: Latin Finance
The US and Caribbean form PACC 2030 initiative to strengthen climate resilience and energy security
June 15, 2022
At the Summit of the Americas, the US announced a new initiative – PACC 2030 – to address the climate crisis in the Caribbean. The new initiative will aid in the integration of climate adaptation and resilience and the development of clean energy programs, as well as strengthening energy security. Source: WhiteHouse.gov
Montserrat seeks funding beyond their current budget allocations in order to reach its 2030 renewable goals
June 15, 2022
A report commissioned by Montserrat’s Ministry of Communications, Works, Labour, and Energy (MCWLE) stated that for the island nation to meet its 2030 goal of 100% renewables, it would require funding beyond the current budget allocations. Source: MenaFM