LAC Green Finance Program to Mobilize Private Investment in Mitigation Actions and Low-carbon and Sustainable Business Models through National Development Banks (Phase II)

The proposed program aims to give continuity to the support granted to NDBs through the Technical Cooperation RG-X1244 in the promotion of financing strategies aimed at mobilizing private sector investments in EE and ER. Specifically, the TC will focus on the following components: Component 1: the scale-up of activities to support NDBs and other type of public entities, such as utilities and other public companies (Phase I of the program was focused exclusively on NDBs) to design and promote green financial instruments, mobilize private sector investments in EE and RE and other green investments; Component 2: support knowledge sharing and development of lessons learned which enable deepening of replication efforts in the LAC region by replicating the experience of the Financial Innovation Labs in Chile, Colombia, Paraguay and Uruguay. In Chile, it will finance the implementation of its green finance public policy roadmap; Component 3: support regional regulatory dialogue to replicate best practices from Chile and other leading countries. It will include the following activities: i) Promotion of countries‘ best practices for enabling a conducive sustainable finance environment via knowledge exchange and sharing programs to improve and adapt capabilities on climate risks and opportunities stemming from climate change, environmental degradation and social issues and, ii) seminars and workshops for central banks, regulators and any other related government agencies; Component 4: promote transparency and enhance the reporting quality of the green bonds in the Latin American and the Caribbean Region by implementing the Green Bond Transparency Platform.

Project Detail

Country

Regional

Project Number

RG-T3612

Approval Date

May 14, 2020

Project Status

Implementation

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCING FOR ENVIRONMENTAL SUSTAINABILITY

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 4,047,510.03

Country Counterpart Financing

USD 622,148.00

Original Amount Approved

USD 3,425,362.03

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/CF-17992-RG	Sovereign Guaranteed	USD - United States Dollar	Dec. 10, 2024	May. 14, 2020	Common Account - COFAB	Nonreimbursable

Operation Number

ATN/CF-17992-RG

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Dec. 10, 2024
Signed Date: May. 14, 2020
Fund: Common Account - COFAB
Financial Instrument: Nonreimbursable

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