December 18, 2018 |
IDB Invest said it has granted Banco Ciudad a seven-year, $50m loan to fund renewable energy projects in Argentina.
IDB Invest and the French development agency AFD will provide technical assistance for Banco Ciudad to identify, evaluate and finance green energy projects, the multilateral lender said in a press release.
Banco Ciudad initially requested that the $50m in financing be split evenly between a seven-year loan and a five-year facility.
IDB Invest arranged in April a $60.1m A/B loan
Multilateral lender supplies Banco Ciudad with $50m for project finance loans