IDB in talks to roll out loans to Latin America projects

Bloomberg

IDB Invest is in talks to roll out so-called decarbonisation loans to projects in Latin America as the multilateral institution looks to help the region meet its climate goals by accelerating the replacement of fossil fuel assets.
“In energy, we are talking to different clients both in Chile and Costa Rica,” Chief Investment Officer Gema Sacristan said. “Our focus in the transport industry is electric bus systems.”
The IDB Group member that invests in small and mid-size private projects just did its first such deal with a Chilean power producer, providing $125 million to a unit of Engie SA for a wind farm near the city
of Calama. IDB Invest hopes to do more decarbonisation loans this year.