6 Jun 2018
EUR 150 million
Energy and environment
|Date of loan:||21 Mar 2010|
|Customer:||Central American Bank for Economic Integration (CABEI)|
|Amount in USD:||USD 30 million|
|Amount in EUR:||EUR 22.1 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The loan programme has been provided for financing projects of mutual interest to NIB's member countries and CABEI. Each tranche of the loan has a 12-year term. CABEI will mainly utilise the loan to finance projects within the sectors of energy, including renewable energy, energy efficiency, electricity generation and transmission, investments in infrastructure such as public transports and telecommunications and other projects with a strong environmental content.
CABEI is the leading source of multilateral financing for the integration and economic and social development of Central America. The new loan programme complements two previous loan programmes totalling EUR 60 million that have already been allocated to projects complying with NIB's mandate.
Fossil fuels, such as natural gas, coal and oil, constitute the base for electricity generation in Central America. The loan programme will plausibly lead to increased generation of electricity from environmentally sustainable sources and thus decrease emissions of carbon dioxide originating from fossil fuels.