Project detail - CIFI CORP INTERAMERICANA PARA EL

CIFI CORP INTERAMERICANA PARA EL

Status: Approved investment
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Disclaimer

The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Founded in 2001 by a group of international banks, funds and multilateral financial institutions, CIFI is a non-deposit taking financial institution specialized in providing long-term US-dollar financing and advisory services to medium-sized private sector infrastructure projects in the Latin America-Caribbean (LAC) region. Although CIFI is incorporated in Panama, its headquarters are in the USA.

What is our funding objective?

This financing will contribute to CIFI's goal of growing its asset base and subsequently obtaining a higher credit rating and hence being able to attract commercial funding at a lower cost.

Why do we fund this investment?

FMO's financing is intended to (i) increase the availability of relatively scarce long-term financing to CIFI's target market of medium-sized infrastructure projects in LAC, (ii) catalyze financing from the French (US$15 mln) and Austrian (US$15 mln) development banks and (iii) stimulate the renewable energy sector in LAC, as CIFI has an active role in this sector (US$20 mln of the total US$45 mln loan amount will be used for renewable energy projects).

Region
Latin America & The Caribbean
Country
Panama
Sector
Financial Institutions
Effective date
12/23/2013
Total FMO financing
USD 15.00 MLN
Funding
FMO NV
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
A