The International Finance Corporation will be carrying out preliminary studies so that a tender can be launched for the construction of the project, which has a planned length of 330 km and an estimated value of $550 million.
Having tried unsuccessfully to tender preliminary studies and designs for the fourth transmission line, Empresa de Transmisión Eléctrica said it will hire the International Finance Corporation, from the World Bank, to develop the first phase of the project.
The European Bank for Reconstruction and Development has announced that due to a breach of international standards on exchange of tax information it will no longer grant loans to the country.
The International Finance Corporation (IFC) also announced the impossibility of lending to Costa Rican companies, pointing to the same reason as cited by the EBRD.
The company SunEdison has obtained a multilateral international loan to build three photovoltaic power generation plants with a combined capacity of 81.7 MW.
From a statement released by the Central American Bank for Economic Integration (BCIE):
BELMONT, California, Dec. 15, 2014 /PRNewswire/ -- SunEdison Inc. (NYSE:SUNE), a leading solar technology manufacturer and provider of solar energy services, announced today the closing of an approximately $146 million USD non-recourse debt financing arrangement with the International Finance Corporation (IFC), the Central American Bank for Economic Integration (CABEI) and the OPEC Fund for International Development (OFID).
With a loan of $10 million from the World Bank. Grupo Mercon will provide technical assistance and grant funding to coffee producers.
CISA Exportadora del Grupo Mercon and Corporación Financiera Internacional, a member of the World Bank signed a loan agreement for $10 million in support of coffee growing in Nicaragua.
The Director of Agribusiness Manufacturing and Services for Latin America, the Caribbean and Africa of the IFC, Oscar Chemerinsk indicated in an article in Estrategiaynegocios.net that "the investment will benefit coffee farmers, supporting the development of critical aspects of the distribution chain in coffee communities throughout the country. "
The World Bank could provide $45 million required for the first phase of the project in Puerto Quetzal, Guatemala.
The International Finance Corporation, a member of the World Bank Group, is looking at providing a loan of $45 million to finance the first phase of the Quetzal Container Terminal. The director of the bank could approve the loan next month.
IFC, a member of the World Bank Group, will provide a loan to Banco Delta for lending to micro and small entrepreneurs in Panama.
From a press release by the International Finance Corporation (IFC):
IFC, a member of the World Bank Group, has awarded to Banco Delta SA the largest microfinance institution in Panama, a five-year loan for $6 million to support micro and small entrepreneurs who have little access to formal financial services.
A single processing desk will be opened for foreign trade in order to speed up control formalities for land carriers.
From a press release issued by the Executive Directorate of Revenue (DEI):
The Executive Directorate of Revenue (DEI), with the support of the Secretariat of the Presidency of the Republic of Honduras and the technical support of International Finance Corporation (IFC), a member of the World Bank (WB), will start running a Single Foreign Trade Desk (known as VUCEH by its initials in Spanish), to streamline controls for land carriers, reducing costs and contributing to trade facilitation.
The International Finance Corporation has shown interest in both funding the bi national project and expanding the Panamanian electricity transmission network.
This was announced by Roberto Albisetti, general manager of the International Finance Corporation (IFC) for Central America, who noted that energy demand in Panama and the region will double in the next few years and that interconnection projects are an important step in regional integration .
The Guatemalan company Continental Towers will receive funding from the International Finance Corporation to build and maintain cell towers in Central America.
According to an article in Elperiodico.com.gt, "The IFC's investment includes a loan of $40 million and a syndicated loan of $80 million with Banco HSBC Panamá, Banco General de Panamá, the Dutch Entrepreneurial Development Bank (FMO) and the Inter American Corporation for Infrastructure Financing. "
The World Bank will not participate in the financing of Minera Panama, even though the company has announced it will operate under the standards of the International Finance Corporation.
Minera Panama, a subsidiary of Inmet Mining, wants to gain new partners to capitalize on the copper mine that it operates in the province of Colon, with an investment of $4.32 billion.
The International Finance Corporation could cancel loans to companies operating in Panama, if the country does not meet the required standards on exchanging tax information.
The director for Mexico and Central America of the IFC, Roberto Albisetti warned that if Panama does not pass the next assessment they would have to suspend funding to Panamanian companies or holding companies established in the country, reported Prensa.com.
The homogenization of logistics processes in the isthmus under "a regional vision" would improve competitiveness and increase trade volumes.
Central America could improve its competitiveness and increase trade volumes with the unification of criteria for logistics processes under "a regional vision," said an expert from the International Finance Corporation (IFC).
The organization will contribute $98 million for the construction of the Hydroelectric Project ‘Vegona’.
The IFC, a member of the World Bank and Oesterreichische Entwicklungsbank AG (OeEB) will provide $98 million to fund the largest hydropower project in Honduras, to be built by Compañía Hondureña de Energía Renovable S.A. (COHERSA).
The project will generate 181 gigawatt hours of electricity per year, and will be financed with a principal loan granted by the IFC, and another syndicated one to be provided by the Development Bank of Austria (OeBD).
The National Cooperative of Educators (Coopenae) will receive $30 million from the International Finance Corporation (IFC) for loans.
The funds will go to mortgage loans for low-income families and financing for small and medium enterprises.
IFC, a branch of the World Bank will provide $15 million in colones, to which are added another $15 million also in colones provided by FMO, the Dutch development bank.
International financial entities will increase the amount of finance available for private businesses and projects in Latin America
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.
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