IFC, JICA, and FinDev Canada invest USD 415 million in Banco Industrial to boost green finance, sustainable housing, and SMEs in Guatemala
Guatemala, Sept. 22 -- The International Finance Corporation (IFC), the Japan International Cooperation Agency (JICA), and FinDev Canada announced a USD 415 million investment in Banco Industrial, S.A., the leading financial institution in Guatemala. The project seeks to advance green finance, expand access to sustainable housing loans, and strengthen support to small and medium-sized enterprises (SMEs) in the Central American country.Structured and led by IFC, the financing package-comprising USD 190 million from IFC, USD 150 million from JICA, and USD 75 million from FinDev Canada-will enable Banco Industrial to comprehensively address various development challenges. First, it will support sustainable initiatives, including green building...
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