$52.2 Million Bond started for Latin America Environmental progress

Agriculture

The Development Bank of Latin America (CAF) announced the placement of the first green bond for an amount of $ 52.2 million, to finance various projects with high environmental and social impact in the region.

The financing, which will be for a term of ten years and a coupon of 6.75%, is part of CAF’s Green Bonds Emissions Program, for a total amount of $ 600 million, and will finance various projects in Ecuador, Panama and Peru.

The placement of this first green bond of CAF was in charge of JP Morgan.

“We are committed to the migration towards low carbon economies and resilient to climate change, so 28% of the total amount of credit and technical cooperation operations in 2017 corresponded to green financing,” said Luis Carranza, CEO of CAF.

 

READ MORE:http://laestrella.com.pa/economia/coloca-primer-bono-verde-522-millones/24064207

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Environmental
Past years HEAVY RAINS are expected to continue for forseeable future.

This year the climate is expected to be very similar to 2010, 2016, 2019, 2020 and 2022; years where the rains left mourning and pain https://elsiglo-com-pa.translate.goog/panama/nacionales/impactos-de-las-lluvias-que-podrian-repetirse-este-ano-NY7616942?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc RAINS A lot of rainfall is expected and there will be landslides, floods, etc. Panama is going through a prolonged drought and is in …

Conservation
Mulino posts head of the MOST problematic agencies. AIG, ASEP, and IDIAP.

Mentioned the massive failures and corruption within these broken agencies of the past. Very pivotal to the future of Ex-Pats and new development, especially in the outer areas of Panama.  https://www.laestrella.com.pa/panama/mulino-designa-a-viceministro-de-ambiente-y-a-directores-de-la-aig-asep-e-idiap-CY7607307 Also nominated as general administrator of the AIG, Adolfo José Fábrega, who until recently served as president of the …

Conservation
Rising sea levels seen first hand in Panama mandatory evacuation.

https://www.nbcnews.com/news/world/panama-prepares-evacuate-first-island-face-rising-sea-levels-rcna155076 On a tiny island off Panama’s Caribbean coast, about 300 families are packing their belongings in preparation for a dramatic change. Generations of Gunas who have grown up on Gardi Sugdub in a life dedicated to the sea and tourism will trade that next week for the mainland’s solid ground. They …