IDB Invest lends USD 60 million to eco.business Fund for promoting sustainable business practices
New partnership to focus on conservation of biodiversity and sustainable use of natural resources in Latin America and the Caribbean
Luxembourg and Washington DC, December 10, 2018 – IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, has provided a subordinated loan of USD 60 million to the eco.business Fund for supporting business practices in Latin America and the Caribbean that contribute to conservation of biodiversity and sustainable use of natural resources. The additional funding of USD 60 million will lay the groundwork for further dynamic growth, crossing the critical milestone of USD 300 million total capital commitments. The loan includes a USD 20 million subordinated co-loan from the China Co-financing Fund for Latin America.