NEWS
BANDESAL announced its new energy efficiency credit line aimed at SMEs with IADB funding
06/21/2020 Since 7 months

Juan Pablo Durán Escobar, the chairman of Bandesal, the national development bank of El Salvador, announced on June 18, a new energy efficiency credit line highlighting that the purpose is funding technological renovation of capital equipment in SMEs, including inter alia boilers, engines, and air conditioning in order to diminish energy consumption without an adverse impact on their cashflows and financial condition. The chairman of Bandesal underscored that this new source of funding in El Salvador aims to facilitate substantive savings in SMEs operations, improving income and profits as well as a positive environmental impact.

These energy efficiency projects should not have a negative impact on the firm while costs savings may allow them to pay back their loans given the favorable interest rates of the new credit line.

Small and medium firms in El Salvador will have access to a total amount of US$ 41.7 million, including US$ 20 million provided by the Inter-American Development Bank, US$ 1.7 million allocated by the Green Climate Fund, while BANDESAL itself will supply another US$ 20 million to make its contribution to promote sustainable development in the country.

Full news: BANDESAL | Diario Libre

This post is also available in: Spanish

LATEST NEWS
Brazil to promote public-private partnerships for infrastructure projects with IDB support
Brazil will promote new models for private investment in infrastructure to boost service quality, the socio-environmental impact of investments, and economic growth and productivity with a $20 million loan approved by...
Since 6 days Read More
Chile’s Energy Efficiency Law was approved
The Energy Efficiency Law aims to make rational and efficient use of resources. It covers the three sectors that account for most of the country's energy consumption: transport (37%); industry and mining (40%) and the...
Since 3 weeks Read More
Costa Rica’s National Stock Exchange rewards companies that contribute to a sustainable capital market
Issuers, investors, Safis, stock exchanges, were part of the companies recognized with the BNV Sustainability Awards 2020. November 2020. The BNV Sustainability Awards are held for the second consecutive year. This ...
Since 2 months Read More