Colombia, July 3 -- The International Finance Corporation (IFC), a member of the World Bank Group, announced an investment of up to US$75 million in Banco Finandina S.A. through a sustainability-linked loan (SLL).The operation aims to expand access to financing for hybrid and electric vehicles, as well as for micro, small, and medium-sized enterprises (MSMEs), with a special focus on women-led businesses. The project aligns with the World Bank Group's Country Partnership Framework for Colombia (FY2024-2027), as well as with the Group's Climate Action Plan 2021-2025 and Gender Strategy 2024-2030. It will also contribute to the goals of the Paris Agreement by promoting climate finance and reducing greenhouse gas emissions.
Published by HT Di...