- The fund’s USD 10 million investment will be dedicated to investing in mid-size renewable energy projects in Panama.
Bogota and Luxembourg, December 21, 2023 – LAGreen Fund, Latin America’s premier green bond fund advised by Finance in Motion and Santander Asset Management, is making its inaugural investment of USD 10 million in a green bond issued by the Corporación Interamericana de Financiamiento de Infraestructura (CIFI), a financial institution dedicated to providing debt financing for mid-sized green infrastructure projects in Panama and the region.
In 2019, CIFI launched a revolving Green Bond program of USD 200 million to bolster the company’s commitment to environmental sustainability. LAGreen’s investment allows CIFI to continue deploying investments under this program. It also aligns with the fund’s mission to foster a positive impact on the climate, expanding its portfolio in renewable energy projects. In this case, the investment is expected to focus on the country’s wind and solar energy generation. Panama has developed a National Energy Plan that commits to sourcing 15% of its energy from renewable energy sources by 2030 and 50% by 2050.
LAGreen Chairperson Johannes Scholl said: “CIFI has a unique capacity to provide debt-finance for mid-size clean infrastructure projects and has a long track record of cooperating with development finance institutions and mobilizing funding from the private sector. This transaction will have an important impact in the reduction of greenhouse gas emissions.”
CIFI’s CEO César Cañedo-Argüelles said: “We are delighted to partner with LA Green in financing responsible and impactful infrastructure to support sustainable development in the region. LA Green’s investment is opportune, providing us with funding when the debt capital markets are tightening, and the climate change imperative intensifies.”
The bond issuance complies with the International Capital Market Association’s (ICMA) Green Bond Principles (GBP). It holds a Second Party Opinion (SPO) issued by Sustainalytics, further confirming CIFI’s commitment to sustainability and transparency in the projects it finances.
Acerca de LAGreen
LAGreen es el primer fondo de bonos verdes dedicado a América Latina. Al invertir en bonos verdes y apoyar a nuevos emisores con asistencia técnica, el objetivo de LAGreen es aumentar los beneficios ambientales y sociales en toda la región y promover la transición hacia economías verdes.
Como fondo de inversión de impacto asesorado por Finance in Motion y Santander Asset Management, LAGreen se estableció como una iniciativa del Banco de Desarrollo KfW de Alemania, con capital inicial proporcionado por la Unión Europea (UE) y el Ministerio Federal de Cooperación Económica y Desarrollo (BMZ) de Alemania.
Para obtener más información, visite https://lagreen.lu/es/ y síganos en LinkedIn.
Acerca de Finance in Motion
Finance in Motion es un gestor de activos de impacto global enfocado exclusivamente en el desarrollo sostenible en mercados emergentes y economías en desarrollo. La empresa estructura, gestiona y asesora fondos de inversión de impacto que reúnen a inversores públicos y privados para abordar el cambio climático, fortalecer la conservación de la biodiversidad, fomentar el uso sostenible de los recursos naturales, mejorar los medios de vida y promover oportunidades económicas.
Para más información, por favor visítenos en: www.finance-in-motion.com
También puede seguirnos en @financeinmotion and LinkedIn
About CIFI
CIFI is a leader in infrastructure and energy financing across Latin America and the Caribbean. With involvement in over 200 transactions valued at more than US$2.0 billion, CIFI has mobilized over US$20 billion in capital since 2001. CIFI finances through its own balance sheet as a non-banking financial institution and through managed funds.
For more information, visit www.cifi.com
También puede seguirnos en @cifi_finance or on LinkedIn
Contacto de prensa LAGreen
Anne Johnson
Marketing & Communications
Teléfono: +49 69 271 035 742
Correo: info@lagreen.lu info@lagreen.lu
Spanish 
English 
Portuguese