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    Reference: 20160797
    Release date: 24 November 2016

    Promoter – Financial Intermediary

    EcoEnterprises Capital Management

    Location

    Description

    An investment fund targeting projects that deliver biodiversity benefits through the sustainable use of natural resources

    Objectives

    The fund aims to invest in pro-biodiversity businesses that encourage sustainable use and conservation of natural resources, preserve and restore vulnerable ecosystems and biodiverse landscapes, mitigate climate risk and build resilience in local economies and communities in Central and South America.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    USD 20 million (EUR 18 million)

    Total cost (Approximate amount)

    USD 100 million (EUR 90 million)

    Environmental aspects

    The fund's investment criteria and environmental and social due diligence procedures have been included in the fund's environmental and social policies and guidelines as well as its environmental and social management system. These will ensure that the underlying projects are implemented in compliance with national requirement and with EIB environmental and social standards.

    Procurement

    The fund will be required to ensure that implementation of the underlying projects is done in accordance with the EIB Guide to Procurement.

    Status

    Signed - 11/05/2018

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Regional - Latin America Credit lines