CAF and European Investment Bank to co-finance climate action projects for $500m

The CAF – Latin American development bank – and the European Investment Bank (EIB) signed a collaborative co-financing framework for European support to Latin America and the Caribbean to alleviate the damage of the Covid-19 pandemic and promote post-pandemic economic recovery. The agreement proposes a USD 500 million co-financing framework to benefit sectors such as transport, energy, water and sanitation, urban development, health, education and financial intermediation for SMEs, among other strategic sectors for both institutions.

Source: Página Siete