Financing more environmentally friendly agricultural investment projects
Sector: Raw Materials • Location: France
Source: Proparco Groupe AFD (Agence Française de Développement)
Agrobanco mainly lends to small and medium-sized producers, as well as to Peruvian agricultural cooperatives. Since 2013, the bank has been engaged in a process aiming to turn it into a “green development bank”. This is set out in its “Green Bank Plan”, which was approved by its Board of Directors in 2015.AFD’s financing aims to support its two main objectives: Develop and strengthen its “green” i
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Participants
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Status
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Description
Description | Agrobanco mainly lends to small and medium-sized producers, as well as to Peruvian agricultural cooperatives. Since 2013, the bank has been engaged in a process aiming to turn it into a “green development bank”. This is set out in its “Green Bank Plan”, which was approved by its Board of Directors in 2015.AFD’s financing aims to support its two main objectives: Develop and strengthen its “green” investment portfolio, Improve its environmental and social performance. AFD’s loan is combined with a EUR 5m grant from the European Union via the Latin America Investment Facility (LAIF), which will provide farmers with financial incentives. The aim is to reduce the costs related to the most innovative investments, and implement a technical assistance program to improve the definition and identification of eligible green projects. |
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Original Currency | USD |
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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