EIB Equips Peruvian Dev Bank with USD-100m Loan for SMEs, Climate Projects
Peru, December, 24 2020 -
The European Investment Bank (EIB) has said it is providing a USD-100-million (EUR 82m) framework loan for Peruvian development bank Corporacion Financiera de Desarrollo SA (COFIDE) to support its financing of small businesses and climate action investment projects.
The funds will be dedicated primarily to the renewable energy and energy efficiency sectors.
To this, the EIB will be adding a loan of around USD 30 million aimed at small and medium-size businesses (SMEs) that have been impacted by the economic crisis resulting from the COVID-19 pandemic.
This loan will be distributed to eligible investment projects through Peru’s commercial lenders, the EU bank said.