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Press release
October 6, 2025
Street view of Sudameris Bank

FinDev Canada, FMO, JICA and Proparco commit USD 370 million to Sudameris Bank to advance sustainable finance and SME growth in Paraguay

Press Release

Canada’s bilateral Development Finance Institution, FinDev Canada, the Dutch Entrepreneurial Development Bank, FMO, Japan International Cooperation Agency, JICA, and a subsidiary of Agence Française de Développement, Proparco, announce the signing of a USD 370 million syndicated loan facility to Sudameris Bank S.A.E.C.A. (or “Sudameris Bank”), the second-largest commercial bank in Paraguay.
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Summary of Anticipated Development Impacts

MARKET DEVELOPMENT AND CLIMATE AND NATURE ACTION

  • Support the growth of the climate finance loan portfolio: Since 2020, Sudameris has been supporting environmentally positive projects through its sustainable portfolio, which is a relatively new business line. The bank’s sustainable portfolio is projected to grow by an average of 19% annually until 2031. Scaling up sustainable lending activities is expected to improve access to finance for businesses.
  • Expand access to finance for climate mitigation and adaptation projects: The proceeds will be allocated entirely to climate‑related projects aligned with the MDBs/IDFC Common Principles for Climate Finance. Sudameris’ sustainable loan portfolio consists of projects covering climate‑smart agriculture, sustainable forest management, waste and resource efficiency, and renewable energy and bioenergy. Financing these projects aims to strengthen Paraguay’s resilience to climate risks and support its national climate commitments.
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