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Press Release: BBVA and Fibra Uno Sign Latin America’s First-Ever Sustainability-Linked Revolving Credit Line
BBVA served as sole sustainable agent in the first syndicated revolving credit facility in Latin America, signed with Fibra Uno, a strategic client for the bank. The transaction is also the first sustainable transaction by a real estate business in the region and the first facility to be arranged in accordance with the ‘Sustainability-Linked Loan Principles’ in Latin America.
- Categories
- Finance
- Region
- Latin America
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Press Release: World Bank Group Mobilizes Over $14.4 billion for Latin America and the Caribbean Development in Fiscal Year 2019
“We have stepped up our efforts in the last 12 months to help the private sector in Latin America and the Caribbean carry out new projects that are focused on solving some of the region’s most critical development challenges,” said Georgina Baker, IFC Vice President for Latin America and the Caribbean. “We are working closely with the private sector in the region to help mitigate climate change, create more jobs, more affordable housing, better transportation options, and more livable cities,” she said.
- Categories
- Investing
- Region
- Latin America
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The Gig Economy is a Double-Edged Sword for Migrant Workers
“It is not that they are paying less to Venezuelans than to Colombians, or that they reduced payments per delivery after the arrival of migrants,” says Cristobal Perdomo, co-founder of Jaguar Venture, a venture capital firm that analysed Rappi’s business in 2016. “What I believe happened is that if they were paying, for instance, 50 pesos per delivery last year or two years ago, they can still pay 50 pesos this year and Venezuelans will keep working for them.”
- Categories
- Technology
- Region
- Latin America
- Tags
- employment, startups
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Viewpoint: Blockchain Blossoms in Haiti
The technological revolutions that have shaped the modern world have thus far all taken root in rich countries. Today, a new disruptive technology is breaking that mold – blockchain. Nowhere is this plainer than Haiti, the poorest country in the Western hemisphere and home to a blossoming range of projects using blockchain technologies to solve problems in ordinary people’s lives.
- Categories
- Technology
- Region
- Latin America
- Tags
- blockchain
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Press Release: Bamboo Capital Partners Appointed as International Fund Manager by the Government of Haiti and the World Bank for USD$17 Million Energy Access Fund
The objective of OGEF is to electrify 200,000 households in Haiti within the next 10 years. At present, less than one in three Haitian households have access to electricity, which is often unreliable. In rural areas, electrification rates are as low as 5%.
- Source
- Press Release
- Region
- Latin America
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Press Release: OPIC Signs Agreement With Banco Regional to Support Women-Owned, Small and Medium Businesses in Paraguay
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today recognized a $138 million commitment to Banco Regional to support Small and Medium Enterprises (SMEs), especially women-owned SMEs, in Paraguay. Citibank will provide an additional $11.5 million to Banco Regional to support SMEs.
- Categories
- Investing
- Region
- Latin America
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Fintech Can Cut Costs of Remittances to Latin America
Our chart of the week shows Latin America’s share of remittances transmitted with mobile money along with its overall share of remittances on a global scale. As the chart shows, Latin America’s use of mobile money both to send and receive remittances is relatively low—despite the region’s high share in total world remittances, which was about $80.5 billion in 2017.
- Categories
- Finance
- Region
- Latin America
- Tags
- fintech, remittances
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Japan’s SoftBank Taps Into Mexican Fintech Startup Clip: Sources
Japan’s SoftBank Group invested about $20 million in Mexican payments startup Clip early this year, one of its first Latin America deals as it launches a $5 billion technology fund in the region, said three people familiar with the matter.
- Categories
- Finance, Technology
- Region
- Latin America
- Tags
- digital payments, fintech, startups
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