PN-L1056 : Banco General Green Facility

The Green Facility will contribute to support BG¿s engagement in sustainable banking practices that promote social, economic and environmental benefits while at the same time raise awareness within financial institutions (FIs) in Panama by demonstrating its environmental and commercial attractiveness. IDB¿s primary goal in promoting the growth of a green portfolio in BG is to institutionalize a flexible business line that can scale-up investment in energy efficiency and renewable energy projects in Panama that will generate a positive environmental impact and social and economic benefits. It is envisioned that this initiative will stimulate the necessary changes in the financial sector that can help transform the Panamanian economy onto a low carbon development path and encourage other FIs to develop similar lending programs.