The proposed Project aims at mobilizing concessional finance from the Green Climate Fund (GCF) to promote the efficiency in the production and use of energy in Argentina, in order to contribute to the reduction of greenhouse gas (GHG) emissions and the creation of a more conductive financing environment for investing in sustainable energy (SE) projects in the long term. GCF reimbursable resources will be channeled through a sovereign loan to the Republic of Argentina and will be executed by the Banco de Inversión y Comercio Exterior S.A.(BICE)3 , Argentina’s national development bank (NDB), and blended with BICE’s own resources to provide financing at adequate terms and conditions for small and medium enterprise (SME) 4 sub-projects in specific SE technologies (biomass, biogas and energy efficiency).
For more information about this project, contact:
Gloria Visconti, Climate Change Lead Specialist, Climate Change and Sustainability Division: GLORIAV@iadb.org; +1 202-623-3360 ; 1300 New York Avenue, N.W., Washington, D.C. 20577, USA
Maria Netto, Lead Financial Markets Specialist, Capital Markets and Financial Institutions Division: MNETTO@iadb.org; +1 202-623-2009; 1300 New York Avenue, N.W., Washington, D.C. 20577, USA
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