Loading grant details…
China Co-Financing Fund for Latin America and the Caribbean loan provides $15 million loan to Davivienda for ‘green’ on-lending activities in El Salvador (Linked to Record ID#86526)
| Funder | People's Bank of China (PBC) |
|---|---|
| Recipient Organization | Banco Davivienda S.A. (Davivienda) |
| Country | El Salvador |
| Start Date | Dec 23, 2020 |
| End Date | May 10, 2029 |
| Duration | 3,060 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 92649 |
Grant Description
China Co-Financing Fund for Latin America and the Caribbean loan provides $15 million loan to Davivienda for ‘green’ on-lending activities in El Salvador On December 23, 2020, the China Co-Financing Fund for Latin America and the Caribbean signed a $15 million loan agreement with Banco Davivienda S.A. (Davivienda) — a private regional bank that operates in six countries (Colombia, Panama, Costa Rica, El Salvador, Honduras, and the United States) — to support the development of Davivienda’s portfolio of financing for environmentally friendly projects (‘green loans’) in El Salvador.
Additionally, the loan is intended to aid Banco Davivienda in their development projects and obstacles caused by the Covid-19 economic crisis.
The loan from the China Co-Financing Fund for Latin America and the Caribbean was secured alongside a $35 million loan from the Inter-American Investment Corporation (IDB Invest) and $50 million mobilized through co-financiers or ‘B’ lenders.
Staff Comments
- The China Co-Financing Fund for Latin America and the Caribbean was established on January 14, 2013 with a contribution of $2 billion by the People's Bank of China. It is administered by the IDB. For more information, see umbrella Project ID#86526.
- The IDB Invest project identification number is 11860-02 or IDBI-11860-02.
Sources & References
- Green financing agreement with Davivienda El Salvador
- Central America power watch: Guatemala supply call
- Green financing agreement with Davivienda El Salvador (IDBI-11860-02)
- Green financing agreement with Davivienda El Salvador Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Banco Davivienda S.A. (Davivienda)
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
