Jan 28, 2014

IDB approves green line for key financial institution in Brazil

Loans of up to $125 million to expand access to credit for green projects

The IDB approved a Green Line Partnership with Banco Pine S.A. in Brazil to expand access to financing for environmentally sustainable projects, particularly biofuels and renewable energy projects.

The IDB will provide an unsecured A/B loan of approximately $125 million to Banco Pine for working capital and long-term loans in these sectors, and to finance capital expenditures.

The partnership is expected to increase Pine’s green portfolio by $600 million in the next five years, which in turn will contribute toward achieving the government’s goal of refocusing Brazil’s energy matrix on more environmentally friendly sources by 2021.

More information

Marcelo Paz
IDB Structured and Corporate Finance Senior Specialist

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