IIC Contributes to the Development of the Infrastructure Market in Latin America and the Caribbean
06/28/2010Washington, D.C.- On June 29, 2010, the Inter-American Investment Corporation (IIC) approved a US$5 million revolving credit line for Corporación Interamericana para el Financiamiento de Infraestructura S.A. (CIFI). The goal of this operation is to support CIFI’s short-term needs to promote infrastructure development in the region.
CIFI is a nonbank financial institution established as a corporation. It focuses on providing loans to finance infrastructure projects in Latin American and Caribbean countries. Renewable energy projects are a central feature of CIFI's portfolio. For more information about CIFI, please visit www.cifidc.com.
"This IIC project seeks to support CIFI's objective of providing financing for infrastructure in Latin America and the Caribbean, which is indispensable to the development and improved competitiveness of countries in the region," said IIC Investment Officer Rodrigo Navas.
The IIC is a multilateral financial institution that is a member of the Inter-American Development Bank (IDB) Group. The IIC’s mission is to promote the economic development of its regional member countries by encouraging the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size. It does so by providing financing (in the form of equity investments, loans, guarantees, and other instruments) and advisory services to private enterprises in Latin America and the Caribbean. In 2009, the IIC reached US$1.4 billion in assets and approved 40 operations channeling US$299.8 million to SMEs in the region. For more information on the IIC’s activities, please visit www.iic.int.
Contact: Rodrigo Navas
Telephone: (202) 623-3926