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Canada’s bilateral development finance institution, FinDev Canada, announces the signing of a USD 50 million loan to Banco ABC Brasil S.A. (“Banco ABC Brasil”), a leading bank providing financial products and services to middle, corporate, and institutional banking clients. The commitment will support inclusive economic growth in Brazil.

On the occasion of Montreal’s Sustainable Finance Summit, FinDev Canada, Canada’s bilateral development finance institution, announces a historic climate finance commitment following the Government of Canada’s Spring Economic Update.

Canada’s bilateral development finance institution, FinDev Canada announces a USD 15 million commitment to XIC Latin America Fund I, L.P. (XLA I or the Fund), a 10-year fund focused on renewable energy and sustainable infrastructure investments across Latin America and the Caribbean.

Canada’s bilateral development finance institution, FinDev Canada, announces a USD 30 million loan to GEAR PEO, the dedicated branch of GEAR I S.A., (Generación Eléctrica Renovable I S.A), owned by Petroquímica Comodoro Rivadavia S.A. (PCR) and Acindar Industria Argentina de Aceros S.A. (ArcelorMittal group). The financing will support the development, construction, and operation of a 185.6 MW Olavarría wind project, and enable the expansion of transmission infrastructure between Olavarría and Ezeiza in Argentina.

FinDev Canada announces a USD 30 million loan to Corporación Interamericana para el Financiamiento de Infraestructura (CIFI), a leading investment platform in middle-market infrastructure and energy delivering financial solutions across Latin America and the Caribbean.