IFC develops long-term relationships with our clients in Latin America and the Caribbean. A sample of our clients includes the following:
Cencosud S.A. – Argentina
IFC provided a $140 million loan to Cencosud S.A., a leading retailer, to support the company’s debt refinancing and investment plans to increase its share of the country’s retail sector.
FV S.A. - Argentina
IFC committed a $20 million loan to support FV S.A., to modernize the company’s production facilities for its bathrooms and kitchen fixtures and to strengthen competitiveness.
Banco de Crédito – Bolivia
Banco de Crédito de Bolivia joined the IFC Global Trade Finance Program to expand access to finance for importers and exporters and to mitigate the impact of the global financial crisis.
Banco Daycoval S.A. – Brazil
IFC joined three firms to provide 410 million reais (about $180 million) to Banco Daycoval S.A., a leading midsize bank specializing in middle-market borrowers, to increase lending to SMEs.
Banco Real – Brazil
IFC partnered with Banco Real to set up a 50 million reais (about $29 million) lending facility to provide student loans for university studies.
Unibanco – Brazil
IFC completed an innovative $60 million syndication to strengthen Unibanco’s ability to finance Brazilian exporters and importers constrained by the global financial crisis.
Centinela – Chile
DnB NOR and SN Power Invest - Norway
IFC, along with local and international partners, invested $61.5 million in the construction of the 46-megawatt Totoral Wind Farm, to expand renewable energy in Chile.
DuocUC and Banco de Crédito e Inversiones – Chile
IFC partnered with DuocUC, a higher education institution, and Banco de Crédito e Inversiones to establish Chile’s first private financing program targeting 15,000 low-income students.
Avianca Airlines – Colombia
IFC provided $50 million in long-term financing to help Avianca renew its fleet and increase efficiency to advance domestic and international tourism in Colombia.
Corporación Mundial de la Mujer de Medellín – Colombia
IFC provided $2.1 million to Corporación Mundial de la Mujer de Medellín (WWB Medellín) to support increased access to financial services for microenterpreneurs in Colombia.
Greystar Resources Ltd. – Colombia
IFC made a $12 million Canadian dollar equity investment in Greystar Resources Ltd., to support technical studies and the environmental and social preparations to advance the mining project, which is expected to create jobs and increase government revenues.
Banca Promerica – Costa Rica
Banca Promerica joined the IFC Global Trade Finance Program in order to expand trade opportunities for local SMEs and improve the country’s share of global trade.
Sans Soucí Ports S.A. – Dominican Republic
IFC provided a $21 million long-term financing package to Sans Soucí Ports, S.A., to expand and operate local cruise ship terminals in Santo Domingo to expand tourism, an essential element to job creation and economic growth.
Banco del País – Honduras
Banco del País (Banpaís) has joined the IFC Global Trade Finance Program in order to expand its network of trade finance transactions and to improve access to trade finance for local businesses.
Latin American Agribusiness Development Corporation S.A. (LAAD)
IFC invested $20 million to the Latin American Agribusiness Development Corporation S.A. (LAAD) to promote access to finance for small and medium agribusiness exporting enterprises in the region. LAAD supports local farmers producing various exports with medium- to long-term financing.
Centro Médico Puerta de Hierro - Mexico
IFC provided $12 million to Centro Médico Puerta de Hierro to support the construction of two high-quality and affordable hospitals in underserved cities of Mexico.
Hoteles City Express - Mexico
IFC provided $17.5 million to Hoteles City Express for the construction of five new hotels in underserved, mid-sized cities across Mexico, which will create 450 temporary and 150 permanent jobs and enhance business and tourism infrastructure.
Petstar S.A. – Mexico
IFC provided $13 million and an additional $11.5 million syndicated loan to support the launch of operations for Petstar S.A. de CV’s bottle–to-bottle recycling facility to reduce non-biodegradable waste. IFC also supports a social program, improving access to education for waste collectors.
El Salto YY Hydro – Nicaragua
IFC supported the development of El Salto YY hydroelectric project to address Nicaragua’s severe power shortage, as part of IFC InfraVentures, which develops infrastructure in the world’s most economically disadvantaged countries.
Panama Canal Authority – Panama
IFC provided $300 million to the Panama Canal Authority (ACP) to support the expansion of the Panama Canal, a project to strengthen global trade, expand government resources, and support competitiveness and sustained economic and social growth.
Banco Continental – Paraguay
The IFC Capitalization Fund invested $20 million in preferred stock in Banco Continental to ensure continued lending to SMEs and to mitigate the effects of the global financial crisis.
BPZ Exploración y Producción SRL – Peru
IFC provided a $15 million loan to BPZ Exploración y Producción SRL to support clean gas-fired electric power and the local supply of fuels. The joint effort will create jobs and social programs in northwestern Peru.
CRAC Nuestra Gente and Fundación BBVA para las Microfinanzas - Peru
IFC made a $7.4 million equity investment in common shares of Caja Rural de Ahorro y Crédito (CRAC) Nuestra Gente, the outcome of a long-term partnership with Fundación BBVA para las Microfinanzas, to expand microfinance products in Peru’s coastal regions.
Protecta – Peru
IFC made an equity investment for a 16.5 percent stake in Protecta, Peru’s first specialized micro-insurance company, to strengthen its capital base and expand insurance services to lower-income households and smaller businesses.
