December 22, 2020
The European Investment Bank (EIB) said it has lent $100 million to Peruvian development bank Cofide to fund credit for small and medium-sized businesses (SMEs) and energy projects.
Cofide will use roughly $30 million for SME loans through local commercial banks, "targeting companies impacted by current economic challenges," the EIB said in a press release on Friday.
The funding for energy projects, "primarily in the renewable energy and energy efficiency sectors," includes a €3.7 million ($4.53
EU's development bank grants $100 mln to fund loans for SMEs and climate projects