IDB Invest backs BanBif loans

IDB Invest backs BanBif loans

Loans Debt Energy Renewable Peru United States

IDB Invest, the private sector division of the Inter-American Development Bank (IDB), said Wednesday that it supplied $25 million in financing for Peruvian lender BanBif to increase lending to medium-sized companies and green projects. Along with the 12-year subordinated loan, IDB Invest said it will give "technical assistance to support the green financing development strategy for BanBif's most important sectors." According to guidelines from the environment ministry, Peru's banks are expected

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