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        CONAFIPS GREEN ENERGY TRANSITION ECUADOR

        Summary sheet

        Release date
        2 July 2025
        Status
        Reference
        Approved | 04/11/2025
        20230471
        Project name
        Promoter - financial intermediary
        CONAFIPS GREEN ENERGY TRANSITION ECUADOR
        CORPORACION NACIONAL DE FINANZAS POPULARES Y SOLIDARIAS
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        USD 75 million (EUR 65 million)
        not applicable
        Location
        Sector(s)
        Description
        Objectives

        The project consists of a Multiple Beneficiary Intermediated Loan (MBIL) provided to Corporación Nacional de Finanzas Populares y Solidarias (CONAFIPS), a public financial corporation operating in Ecuador as a second-tier bank. This marks the first operation under the DESIREE programme in Ecuador.

        The aim is to promote financial inclusion in Ecuador. CONAFIPS will finance energy efficiency and gender-focused projects, as well as other economic activities like agriculture, industry, and individual entrepreneurship by vulnerable groups.

        Environmental aspects
        Procurement

        The Financial Intermediary has to ensure that the project complies with the EIB's Environmental and Social Standards.

        The Financial Intermediary has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.

        Under Global Europe NDICI guarantee

        Under EFSD+ Guarantee

        Milestone
        Under appraisal
        Approved
        4 November 2025
        Related documents
        27/10/2025 - Environmental and Social Data Sheet (ESDS) - CONAFIPS GREEN ENERGY TRANSITION ECUADOR

        Disclaimer

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

        Documents

        Environmental and Social Data Sheet (ESDS) - CONAFIPS GREEN ENERGY TRANSITION ECUADOR
        Publication Date
        27 Oct 2025
        Document language
        English
        Main Topic
        Lending
        Document Number
        241506464
        Document Focus
        Environmental Information
        Document Type
        Environmental and Social Data Sheet (ESDS)
        Project Number
        20230471
        Sector(s)
        Industry
        Energy
        Regions
        Asia and Latin America
        Countries
        Ecuador
        Publicly available
        Download now
        or Link to source
        Link to source
        Related public register
        27/10/2025 - Environmental and Social Data Sheet (ESDS) - CONAFIPS GREEN ENERGY TRANSITION ECUADOR
        Other links
        Summary sheet
        CONAFIPS GREEN ENERGY TRANSITION ECUADOR

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

        Related publications