[China Co-Financing Fund] IDB administers 20 million USD loan from CHC to KfW's eco.business fund

On December 3, 2018, the private sector institution of the Inter-American Development Bank (IDB) Group, IDB Invest (formerly Inter-American Investment Corporation, or IIC) signed a loan agreement for a 60 million USD unsecured subordinated loan with the eco.business Fund, of which 20 million USD came from the China Co-Financing Fund for Latin America and the Caribbean (CHC). The other 40 million USD came from IDB Invest's own funds. Both loans had an up-to 6 year maturity period. The IDB approval date for this loan financing was August 1, 2017, and it refers to this project with code 11813-06. The eco.business Fund is managed by the German Development Bank (KfW) and provides financing for business practices that conserve nature and foster biodiversity, with the intention of seeking investments with both environmental and financial returns. The fund primarily provides loans for on-lending to borrowers who support sustainable operations in agriculture, fishery (including aquaculture), forestry and tourism sectors in Latin America and the Caribbean, as well as sub-Saharan Africa as of 2020. It is unknown what projects were ultimately funded by the loan. The China Co-Financing Fund was established on 14 January 2013 with a contribution of 2 billion USD by the People's Bank of China, and it is administered by the IDB. For more information, see umbrella project ID #86526.

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