News
23 December 2019
IFC invests in the first green bonds issuance in Ecuador by Banco Pichincha
In:
Renewable energy, Traditional energy
Region:
Americas
The International Finance Corporation has invested $50 million in a public issuance of green bonds made by Banco Pichincha, for a total amount of $150 million. This is the first green bond issue made in Ecuador.
The resources raised by the green bonds will be directed to finance sustainable buildings and green mortgages, clean mobility projects, energy efficiency and renewable energy projects, among other areas that contribute to the mitigation of climate change in Ecuador.
The green bonds are compliant with the International Green Bond Principles and will help alleviate the country's susceptibility to climate change.
