Media

Canada’s bilateral development finance institution, FinDev Canada, announces a USD 56 million loan to Energía Renovable La Joya S.A. The commitment will support the development, construction, and operation of Project Illa, a 396 MW solar photovoltaic (PV) power plant in Arequipa, Peru. This will be the largest solar PV power plant in the country.

Canada’s bilateral Development Finance Institution, FinDev Canada, announces a USD 15 million loan to Lendable MSME Fintech Credit Fund II SCSp, SICAV-RAIF (“LMFCF II” or the “Fund”), a 7-year global-focused debt fund with a target size of USD 250 million. The Fund operates in Latin America, Africa, and Southeast Asia, and has a focus on promoting financial inclusion and gender equality.

Canada’s bilateral Development Finance Institution, FinDev Canada, announces a USD 20 million commitment to Ninety One’s Africa Credit Opportunities Fund III (ACO3 or the Fund), a private credit fund providing financing to enterprises and infrastructure projects across Africa and other emerging markets. The Fund is managed by Ninety One, an international investment manager with an extensive track record in Africa and global emerging markets.

Canada’s bilateral Development Finance Institution, FinDev Canada, announces the signing of a USD 50 million loan to Khan Bank, the largest commercial bank in Mongolia.

Canada’s bilateral Development Finance Institution, FinDev Canada, announces a USD 20 million loan to Locfund Next L.P. (or Locfund Next) to support microfinance institutions (MFIs) and financial inclusion in Latin America and the Caribbean.