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GEF Latam Climate Solutions Fund III
Details
Location:Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, French Guiana, Guatemala, Guyana, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Suriname, Uruguay, Venezuela
Category:Unspecified/Other
Status:Approval
Sectors:Environment & Climate, Private Sector & Trade
Description
Reference: 20210184Release date: 11 May 2021Promoter – Financial IntermediaryACCEPTABLE CORPORATE(S) LocationBrazilRegional - Latin AmericaDescriptionEquity participation in a private equity fund investing in small and medium-sized enterprises (SMEs) that
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tender Background
About the Funding Agency
The European Investment Bank (EIB) is the lending arm of the European Union. The EIB is the biggest multilateral financial institution in the world and one of the largest providers of climate finance.
The EIB works closely with other EU institutions to foster European integration, promote the development of the EU and support EU policies in over 160 countries around the world.
Through EIB Global, set up in 2022 to increase the impact of our development finance, the EIB helps address global challenges and creates growth and opportunity on all continents.
About the Sectors
Environment & Climate
Focuses on protecting natural ecosystems, promoting sustainable resource management, enhancing climate resilience, and mitigating the impacts of climate change through conservation, adaptation, and low-carbon initiatives.
Key areas:
- Environmental protection and conservation
- Natural resource and ecosystem management
- Climate change and environmental resilience
Private Sector & Trade
Entails initiatives that promote entrepreneurship, strengthen competitive markets, and expand domestic and international trade opportunities.
Key areas:
- Private sector development and SME/MSME support
- Entrepreneurship, start-ups, and business growth initiatives
- Trade facilitation, import/export, and market access
- Commerce, retail/wholesale, and free trade mechanisms