ESG and Climate Finance - Page 5 of 16

World Bank and HSBC to launch US$200 million bond for Amazon reforestation
June 19, 2024
The World Bank, through its IBRD arm, has tasked HSBC with structuring a US$200 million principal-protected bond focused on reforestation in the Brazilian Amazon. Source: The World Bank
World Bank approves US$250 million for Chile’s sustainable water management program
June 19, 2024
The World Bank has approved a US$250 million project to support Chile’s Just Water Transition program. This initiative, managed by the Ministry of Public Works in collaboration with the Ministry of Environment, aims to enhance sustainable and equitable water resource management. Source: The World Bank
BNDES approves US$39.7 million loan for solar and hydropower projects
June 19, 2024
BNDES has approved a US$39.7 million loan to support the construction of 29 MW of solar and hydropower capacity in Santa Catarina. Source: Renewables Now
CIBC Caribbean and IDB Invest sign MoU for sustainable development across the Caribbean
June 19, 2024
CIBC Caribbean and IDB Invest signed an MoU to advance sustainable development across the Caribbean. The MoU established a framework of cooperation between the financial institutions and will focus on fostering the growth of SME’s, while also focusing on GDI efforts, promoting renewable energy and energy efficiency, and boosting digitalization across the region. Source: Business […]
Sygnus launches US$135 million Caribbean Community Resilience Fund (CCRF) in Jamaica
May 31, 2024
Sygnus launched a US$135 million Caribbean Community Resilience Fund (CCRF) in Jamaica last week. The CCRF is a 10-year impact investment fund with the possibility of two one-year extensions. It targets critical sectors such as renewable energy, blue economy, sustainable housing, ICT, transport, financial services, and climate-smart agriculture. Source: Jamaica Loop News
Caribbean Broilers Group invests in solar plants to enhance sustainability
May 16, 2024
Caribbean Broilers Group (CB) has invested in four solar photovoltaic power plants for its farms across Jamaica, partnering with Soleco Energy Jamaica Limited. The newly unveiled solar plant at Peninsula Hatchery Farms in Linstead, St Catherine, produces 0.30 MWp. Additional plants include CB Foods Cold Storage Distribution Centre (1.1 MWp), Newport Mills in Kingston (0.50 […]
IDB Invest and DFC launch new co-financing framework for Latin America and the Caribbean
May 3, 2024
IDB Invest and the United States International Development Finance Corporation (DFC) have launched a new co-financing framework to bolster collaboration on high-impact development projects across Latin America and the Caribbean. As an extension of the Americas Partnership Platform, announced by US President Joe Biden, the framework streamlines the process for providing up to US$50 million […]
Jamaica initiates ‘Blue Green Facility’ to address climate challenges
May 3, 2024
The Government of Jamaica, in collaboration with various international partners including the Green Climate Fund, Inter-American Development Bank, World Bank Group, and others, is discussing the establishment of a “Blue Green Facility” aimed at providing up to US$ 500 million over five years. The fund will comprise a combination of grants, concessional debt, guarantees, and […]
IDB approves $60 million credit line to boost blue economy in the Bahamas
April 14, 2024
The Inter-American Development Bank (IDB) proposed a US$60 million Conditional Credit Line for Investment Projects aimed at promoting sustainable development in The Bahamas. This initiative targets the growth of micro, small, and medium-sized enterprises (MSMEs) within the country’s blue economy sector. Source: IDB