NIB opens loan facility with Inter-American Investment Corporation
(Thomson Reuters ONE) -
Nordic Investment Bank (NIB) has provided a loan of USD 50 million to the Inter-
American Investment Corporation (IIC) for on-lending to environmental projects
in Latin America.
The allocation of projects under the loan programme will be based on the mutual
interest of both NIB and the IIC, particularly in the field of climate change
mitigation. At least 70% of the loan will be dedicated to renewable energy
generation projects, including hydropower, wind power, certain type of biomass
projects and Clean Development Mechanism projects, in any country where the IIC
is active. The remaining 30% can further be allocated to energy efficiency
measures.
The loan programme will be coordinated with existing climate change programmes
developed by IIC and the Nordic Development Fund (NDF), thus providing a new
platform for cooperation between NIB, the IIC and the NDF.
"The loan fits well with NIB's strategy to cofinance with and lend through other
IFIs, while enabling NIB to support environmental projects in countries beyond
Brazil in the region," says Johnny Åkerholm, President and CEO of Nordic
Investment Bank.
"The USD 50 million loan from NIB will strengthen our financing of Latin
American and Caribbean SMEs energy efficiency and renewable energy projects,"
says Jacques Rogozinski, General Manager of the IIC.
The Nordic Investment Bank is the common international financial institution of
the eight Nordic and Baltic countries. NIB provides long-term financing to the
energy, environmental, transport, logistics and communications, and innovation
sectors for projects that strengthen competitiveness and enhance the
environment. NIB has the highest possible credit rating, AAA/aaa, with the
leading rating agencies Standard & Poor's and Moody's.
The IIC is a multilateral financial institution that is a member of the Inter-
American Development Bank (IDB) Group. The IIC's mission is to promote the
economic development of its regional member countries by encouraging the
establishment, expansion, and modernisation of private enterprises, particularly
those that are small and medium in size. It does so by providing financing and
advisory services to private enterprises in Latin America and the Caribbean.
For further information, please contact
NIB
Nicolas Audibert, Senior Manager, Origination, tel. +358 10 618 0689,
nicolas.audibert(at)nib.int
Dimitrijs Alehins, Senior Communications Specialist, tel. +358 10 618 0296,
dimitrijs.alehins(at)nib.int
IIC
Juan Eduardo Zuluaga, Finance and Risk Management Division Chief, tel.
+1 202 623 3812, juanz(at)iadb.org
Sylvia Szankay, External Relations Officer, tel. +1 202 623 3878,
sylviasz(at)iadb.org
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originality of the information contained therein.
Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1563430]
Unternehmensinformation / Kurzprofil:
Datum: 14.11.2011 - 10:00 Uhr
Sprache: Deutsch
News-ID 87235
Anzahl Zeichen: 3574
contact information:
Town:
Helsinki
Kategorie:
Business News
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"NIB opens loan facility with Inter-American Investment Corporation"
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