IFC funds green loans from Sicredi

IFC funds green loans from Sicredi

Loans Debt International Financial Institutions Brazil United States Energy Solar ESG Green Finance Renewable Solar

The International Finance Corporation (IFC), part of the World Bank Group, said Tuesday that it granted a $120 million loan for Brazilian financial co-operative Sicredi to fund renewable energy projects with a focus on solar investments. The loan is the first deal with a Brazilian co-op to receive certification from the Climate Bonds Initiative (CBI), a UK-based organization that promotes investments in the low-carbon economy. The loan also aligns with the Green Loan Principles, IFC said in a pr

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