CIFI CORP INTERAMERICANA PARA ELStatus: Completed investment
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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).
- Latin America & The Caribbean
- Financial Institutions
- Effective date
- End date
- Total FMO financing
- USD 15.00 MLN
- 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)