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