Chile:

IFC to Provide a $60 Million Renewable Energy Credit Line to Chile (The FINANCIAL)

(Courtesy CIA.gov)

The International Finance Corporation (IFC), a member of the World Bank Group, signed an agreement to provide $60 million to Banco Consorcio in Chile to finance non-conventional renewable energy projects in the country.

IFC’s long-term financing will help scale-up commercially viable technologies and diversify the country’s renewable energy matrix, including in small hydropower, biomass, solar, geothermal and wind projects. Banco Consorcio will also join the IFC Global Trade Finance Program, which will give it access to a trade line to help finance the growth of trade flows in the Latin America and Caribbean region, according to IFC.

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