More Foreign Credit for Private Companies

International financial entities will increase the amount of finance available for private businesses and projects in Latin America

Wednesday, July 13, 2011

The International Finance Corporation (IFC), the World Bank, the Inter-American Development Bank (IDB) and the American Investment Corporation (IIC) have announced their willingness to increase resources for the financing of "eco-friendly projects, infrastructure, agribusiness and even educational projects," developed by private enterprise.

Those organizations and companies that want to or are already operating on a regional level will have better opportunities to access this flow of external resources.

An article by Gabriela Lopez Mayorga in Elfinancierocr.com examines the issues of interest to the international financial institutions: "The road to regional integration of production is paved with a list of priority issues if addressed, would be to the advantage of business projects. The World Bank, the IDB and the Central American Bank for Economic Integration (BCIE) all agree on the general list of priorities. The list starts with a green approach. Initiatives to promote the fight against climate change, including projects that seek production and use of clean energy and water sustainability, will have priority. Education, as part of the goal of poverty reduction will have preferrence, here is a place for private projects that support teaching at a regional level. In this regard, there are advanced discussions taking place between the IFC and centers of higher education in Costa Rica. On the same level as well as access to private education we support access to private health care, Albisetti said. Innovation projects that demonstrate the ability of expand their scope to include the rest of the region are also being targeted. In this area, for example, the cluster of digital information and the country's agribusiness sector are being considered.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Nicaragua: $30 million to Combat Coffee Rust

June 2015

The coffee trader Ecom will be managing the funds provided by Starbucks, IFC and the IDB for long-term financing to help Nicaraguan coffee growers fight against rust.

From a statement issued by the International Finance Corporation (IFC):

The Inter-American Development Bank (IDB) will provide long-term loans to help Nicaraguan coffee farmers combat the devastating effects of the coffee rust fungus, which has swept through Central America, crippling production and threatening the livelihoods of millions who depend on the coffee industry.

Honduras: $1.254 billion available in loans

March 2012

The IDB, CABEI, and the World Bank top the list of the seven financial institutions that together have pledged a total of $3.189 billion in loans for the development of public works.

The amount still available in the Honduran loan portfolio for external funding is $1.254 billion. The total amount of loans approved is $3.189 billion.

Banco Promerica de Costa Rica to increase mortgages and loans for green projects with IDB support

September 2010

$15 million IDB loan is the first to a Costa Rican financial institution that seeks to expand its mortgage and green financing business

The Inter-American Development Bank (IDB) approved a $15 million loan to Banco Promerica de Costa Rica to help the bank expand its long-term mortgage operations and loans for environmentally sustainable projects.

Alternative financing options for the private sector

October 2008

In times of credit crunch from the usual sources, it is appropriate to remember that there are other alternatives for financing projects.

The Andean Development Corporation (CAF), the International Finance Corporation (IFC) of the World Bank, the Inter-American Investment Corporation (IIC) of the IDB, and the Central American Economic Integration Bank (BCIE) are all sources of financing for high impact development projects by the private sector which are highly unused by our bankers and businesses.

ok