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IDB Invest backs Darby climate fund

IDB Invest backs Darby climate fund

March 28, 2023
IDB's private sector affiliate commits $50 mln to a $400 mln debt fund for green projects

Funds Debt International Financial Institutions Inter-American Development Bank (IDB) IDB Invest ESG Green Finance Renewable Energy Latin America Caribbean Brazil

IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), said Monday that it will contribute up to $50 million to a new climate fund managed by US private debt firm Darby International Capital. IDB Invest said its commitment will cover as much as 25% of the $400 million target size for the DIC Latin American Fund IV, the first private credit climate finance fund in Latin America and the Caribbean. The fund will provide debt for mid-market companies to invest in gree

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