The IDB grants US$ 80 million to BICE and the City Bank for green projects en Argentina
12/13/2018 Since 2 years
Disbursements will be made through BID Invest. The objective of these loan agreements is to facilitate greater investments through the provision of long-term credit, in dollars and with characteristics according to the nature of renewable energy and energy efficiency projects. Besides, BICE has issued a ‘sustainable’ bond -the first one with these features launched in Latin America -that was fully subscribed by BID Invest. The funds will be earmarked to projects that meet one of these objectives: fight against poverty, gender equality, clean energy, decent work, innovation and infrastructure, reduction of inequalities and climate action.
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