Banco Davivienda El Salvador Gets IDB Invest Loan for Green Projects, SMEs

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Feb 2021
El Salvador, February, 02 2021 - IDB Invest, a member of the Inter-American Development Bank (IDB) Group, said it is providing a one half of the total amount, while another USD-50-million was mobilised through co-financiers.

Banco Davivienda Salvadoreno SA, one of the largest lenders in El Salvador, will receive a loan package of up to USD 100 million (EUR 83.1m) from IDB Invest to boost its capabilities to finance green projects and support small and medium-sized enterprises (SMEs) in the Central American country.

IDB Invest, a member of the Inter-American Development Bank (IDB) Group, said it is providing a one half of the total amount, while another USD-50-million was mobilised through co-financiers.

IDB Invest will also advise Banco Davivienda Salvadoreno on how to originate renewable energy and energy efficiency projects with a focus on photovoltaic (PV) plants.

Apart from supporting solar PV, Banco Davivienda Salvadoreno is also one of the financiers of the country’s first wind farm project.



Source : Renewables Now
 

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